Bitcoin has done it again – blowing past all expectations and rewriting the charts. In a stunning early-morning rally, the world’s largest cryptocurrency surged past $116,000, briefly touching $118,000 before pulling back slightly. This explosive move has not only pushed BTC into all-time high territory – it’s sent shockwaves across the entire crypto market.
The breakout was anything but gradual. Within just 60 minutes, over $900 million in short positions were liquidated, igniting a chain reaction of forced buys and panic closes. What followed was one of the fastest vertical climbs in Bitcoin’s history – reminiscent of the 2017 and 2021 bull runs, but with more institutional muscle behind it.
Unlike previous parabolic moves driven purely by retail hype, this surge has the fingerprints of Wall Street all over it. Spot Bitcoin ETFs are seeing near-record inflows, with BlackRock, Fidelity, and other major players snapping up BTC on behalf of clients. On-chain data shows stablecoin reserves at multi-month highs, signaling deep buying power is ready to be deployed.
BREAKING: Bitcoin ETF, $IBIT, has reached a record $76 BILLION in assets under management.
Total assets have TRIPLED over the last ~200 trading days, per ZeroHedge.
By comparison, it took the largest gold ETF, $GLD, over 15 years to reach the same milestone.$IBIT's Bitcoin… pic.twitter.com/CkRjkJiTUY
— The Kobeissi Letter (@KobeissiLetter) July 10, 2025
Retail investors are waking up, too. Social media mentions of “Bitcoin ATH” are spiking, and Google search interest in “buy Bitcoin” has climbed over 200% in the past 24 hours. The energy is back—and it’s palpable.
Ethereum, Solana, and other major altcoins are also rising in BTC’s slipstream, with ETH reclaiming the $3,000 mark and meme coins seeing double-digit gains. But right now, the spotlight is squarely on Bitcoin.
With momentum building and little overhead resistance, analysts say the next psychological milestone—$120K—may be just around the corner. In this market, hesitation could be the most expensive decision of all.
Top 3 Coins To Buy Now After Bitcoin’s Breakout
As Bitcoin smashes past $116K, savvy investors are already eyeing the next big gainers. These 3 red-hot crypto presales are turning heads right now:
Token6900 ($T6900) – The Meme Coin With Muscle
Token6900 isn’t just another meme—it’s a full-throttle, community-powered rocket with utility baked in. With a retro 90s internet vibe, $T6900 combines virality, staking rewards, and deflationary tokenomics to keep buyers engaged and holders winning. Backed by viral Twitter campaigns and influencer buzz, this presale is gaining momentum fast. The team’s focus on liquidity lock and transparent governance makes it one of the most promising meme coins of the year.
Bitcoin Hyper ($HYPER) – Next-Gen Layer 2 for BTC
Bitcoin Hyper ($HYPER) is building a lightning-fast, smart contract–compatible Layer 2 network on top of Bitcoin. Aimed at scaling BTC’s utility beyond just store-of-value, $HYPER offers ultra-low gas fees, blazing-fast transactions, and full EVM compatibility—without sacrificing decentralization. Think Ethereum speed with Bitcoin security. With a strong dev team and growing DeFi ecosystem in the pipeline, this presale could be a sleeper hit of 2025.
Snorter ($SNORT) – The Meme Coin That Doesn’t Take Itself Seriously
Snorter ($SNORT) is a lightning-fast Telegram trading bot that lets users snipe, swap, and manage tokens across multiple chains—without ever leaving the chat. Designed for degens who want speed, stealth, and simplicity, Snorter offers advanced features like real-time sniping, anti-rug protection, and portfolio tracking in one sleek interface. With $SNORT as the utility token powering access and premium features, this presale is gaining serious attention. As Telegram bots become the go-to trading tool, Snorter is positioning itself as a must-have for on-the-go traders.