Analysts believe Bitcoin could push toward $1M, with macro altcoin expansion only just beginning.
The cryptocurrency market is on fire once again, with Bitcoin, Ethereum, and major altcoins driving a new wave of optimism. Analysts believe this is only the beginning of a broader macro altcoin expansion that could see Bitcoin eventually trade at $1 million per coin.
The altcoin market just recorded its highest daily candle of 2025, reaching levels not seen since January. Commentators say this signals that the long-awaited altcoin season has officially kicked off.
“Macro altcoin expansion has only just begun. This chart makes me incredibly bullish,” one market analyst said.
It’s not just Bitcoin and Ethereum leading the charge. Solana’s DeFi ecosystem has reached a new all-time high, surpassing $13 billion in total value locked (TVL).
Meanwhile, Chainlink is also gaining traction after Polymarket tapped its technology to power real-time prediction markets, boosting adoption and investor confidence.
Two main catalysts are fueling today’s surge:
Markets widely expect the Fed to cut interest rates at the upcoming FOMC meeting. A 25 basis point cut is seen as almost certain, with some analysts suggesting a 50-point reduction could also be on the table given rising unemployment and weakening labor data.
“This isn’t a maybe anymore. This is a do it now or else,” the analyst explained.
The much-anticipated Clarity Act — a market structure bill for crypto — is expected to pass soon. Insiders believe this is why institutional buyers and companies are rapidly moving into crypto.
“Those in the know realize this… That’s why they’re buying today,” the analyst added.
With Fed cuts looming and major legislation progressing, analysts argue this is just the start of a historic bull cycle. Large-cap altcoins like Solana and Chainlink are already showing strength, with expectations that other leading projects will soon follow.
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