48 Million Americans Ride Bitcoin Wave as Price Soars to Record $118K ATH
Bitcoin just rewrote the rules—again. The cryptocurrency smashed through its previous ceiling, hitting an all-time high of $118,000. Nearly 48 million Americans now hold BTC, turning 'digital gold' into Main Street's favorite speculative asset.
Mainstream Adoption or FOMO Frenzy?
Wall Street analysts are scrambling to adjust their models (and their egos) as retail investors flood into BTC. Meanwhile, crypto skeptics mutter about 'greater fool theory' between sips of their $8 artisanal coffee.
The Institutional Domino Effect
ETF approvals, corporate treasuries dipping in, and even pension funds flirting with exposure—traditional finance is finally playing catch-up. Though let's be honest, most still don't understand the tech behind it.
Where's the Ceiling?
With volatility still higher than a hedge fund manager's bonus expectations, one thing's certain: the ride isn't over. Whether this marks the start of hyperbitcoinization or just another bubble cycle remains to be seen. After all, in crypto, 'ATH' stands for 'All-Time High'—not 'Actually Time to Hedge.'
Good fundamentals and a general bullish outlook could send bitcoin even higher. And as Bitcoin rises, key altcoins and meme coins – including Snorter Token ($SNORT) – could be poised to take off.
Here’s what it all means for Bitcoin and for investors considering what happens next.
Institutional Investor Momentum Is Unmistakable
BlackRock’s spot‑Bitcoin ETF, $IBIT, now totals over $79B, tripling in less than a year. That’s a feat that took the largest Gold ETF over a decade to accomplish. And $IBIT isn’t the only Bitcoin ETF to have a good day; spot Bitcoin ETFs saw a whopping $1.18B in net inflows yesterday.
With the rise in Bitcoin’s price, and the growth of ETFs, $IBIT in particular is blazing new territory, entering the top tier of spot ETFs.
The flood of capital into ETFs, combined with low exchange inflows (~3,200 BTC per day, levels unseen since 2015), suggests long-term bullish sentiment and limited spot selling pressure.
Macroeconomic trends further strengthen BTC’s case. The recent passage of the U.S. $3.3T ‘Big Beautiful Bill’ expanded fiscal deficit expectations by $410B, encouraging investors toward Bitcoin as a hedge against inflation and fiat weakness .
On top of this, hopes for a Federal Reserve rate cut – possibly in September – have added fuel to the rally.
Regulatory tailwinds, including stablecoin legislation and crypto‑friendly governance, are reshaping investor confidence.
From Institutional Confidence to Corporate and Retail Adoption
Corporations have joined the fray, accumulating $BTC as reserve assets. Notable firms with Bitcoin reserves include:
- MicroStrategy
- GameStop
- Tesla
- South Korea’s K Wave Media
That interest is supported on the retail side by growing consumer adoption. A recent report from Jan Wüstenfeld’s Bit of Bitcoin Research (Issue #13) shows a number of growing adoption points:
- 48M Americans (18.6% of adults) own Bitcoin
- 11M Americans (4.21%) keep Bitcoin in self-custody
- Bitcoin owners are younger, more likely to be men, and increasingly non-white.
- Bitcoin owners cover the whole spectrum politically, with only a slight rightward shift; not as politicized as is often portrayed.
Technical support currently sits around $113K, with resistance at $120K and $128.5K. And Bitcoin isn’t out of the woods – historical volatility and its correlation with traditional markets mean adverse macro events, like tariff wars or market downturns, could trigger price pullbacks.
It’s a rising tide, and all the boats are going up. For projects like Snorter Token ($SNORT), it’s the perfect example of perfect timing.
Snorter Token ($SNORT) – As Bitcoin Rises, Find Hidden Meme Coin Gems With Snorter Bot
Meme coins are funny things; thousands are created every day, with countless opportunities for major gains. But the average investor will never see those chances, with many meme coins appearing (and disappearing) on platforms like Telegram.
Investors with the Snorter Token ($SNORT) are a different story. With the Snorter Bot, they can sniff out the best meme coin opportunities, turning hidden gems into potential gold mines. That’s because Snorter is a custom-built meme coin trading bot, designed to find low-cap solana meme coins trading on Telegram.
With $SNORT, investors gain early access to new tokens and the best meme coins, finding hidden opportunities before other traders know they’re there. $SNORT provides low trading fees on the Solana blockchain, lightning-fast execution times, and front-running and MEV protection.
The Snorter Bot itself provides an advanced trading utility:
- Fast, secure swaps
- Automated sniping
- Rugpull and honeypot protection
- Copy trading
- Limit orders
The $SNORT presale is gaining steam, with $1.7M raised to date. Investors can snap up $SNORT tokens for only $0.0979 if they act now – learn how to buy Snorter Token in our guide.
Visit the Snorter Token ($SNORT) presale page.
A Bitcoin Bull Run Bodes Well for Meme Coins
Bitcoin’s climb to the $118K+ range isn’t driven by speculation alone. It reflects DEEP institutional adoption, macro trends favoring scarce digital assets, and growing corporate treasury use.
As a result, the number of retail investors is growing, pushing altcoins and memecoins, as well as meme coins, ever higher.As always, do your own research – this isn’t financial advice.
