Why is the cryptocurrency market rising today? Here are two reasons

Cryptocurrency prices hit their highest single-day closing price since 2025, heralding the start of the altcoin season, with Bitcoin price expected to exceed $1 million. Analysts attribute the surge to the expected Fed rate cut and the upcoming Clear Act, which boosted institutional confidence. Solana's total DeFi locked value (TVL) exceeds $13 billion, while Chainlink gained momentum due to Polymarket adoption.