Cryptocurrency Price Today (July 22): Bitcoin Dominance Dips Below 60%, PENGU Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $118,000 mark early Tuesday. Altcoins and memecoins seem to be the flavour of the day as Solana holds steady and Pudgy Penguins becomes the top gainer. BTC dominance has dipped below 60 percent, flagging a second major decline in the past three months. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — mostly landed in the red across the board as the overall Market Fear & Greed Index stood at 67 (Greed) out of 100, as per CoinMarketCap data. Memecoin Pudgy Penguins (PENGU) became the biggest gainer of the lot, with a 24-hour jump of over 15 percent. PUMP, on the other hand, became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $3.9 trillion at the time of writing, registering a 24-hour dip of 0.59 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $117,200.14, registering a 24-hour loss of 1.26 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 1.02 crore.
Ethereum (ETH) Price Today
ETH price stood at $3,706.77, marking a 24-hour dip of 1.71 percent at the time of writing. Ethereum price in India stood at Rs 3.25 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.69 percent, as per CoinMarketCap data, currently priced at $0.2610. Dogecoin price in India stood at Rs 23.44.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.55 percent. At the time of writing, it was trading at $115.43. LTC price in India stood at Rs 10,121.68.
Ripple (XRP) Price Today
XRP price stood at $3.47, seeing a 24-hour loss of 0.48 percent. Ripple price in India stood at Rs 300.25.
Solana (SOL) Price Today
Solana price stood at $199.25, marking a 24-hour gain of 6.92 percent. SOL price in India stood at Rs 15,601.69.
Top Crypto Gainers Today (July 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.03719
24-hour loss: 15.22 percent
Kaspa (KAS)
Price: $0.1134
24-hour gain: 14.16 percent
Raydium (RAY)
Price: $3.41
24-hour gain: 11.57 percent
Jupiter (JUP)
Price: $0.654
24-hour gain: 10.54 percent
Pi (PI)
Price: $0.491
24-hour gain: 9.69 percent
Top Crypto Losers Today (July 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pump.fun (PUMP)
Price: $0.003838
24-hour loss: 11.31 percent
Tezos (XTZ)
Price: $0.9759
24-hour loss: 10.60 percent
Conflux (CFX)
Price: $0.2112
24-hour loss: 8.14 percent
XDC Network (XDC)
Price: $0.09461
24-hour loss: 7.10 percent
Vaulta (A)
Price: $0.5948
24-hour loss: 6.43 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin remains range-bound between $116,000 and $120,000, as capital moves into altcoins. With this rally, BTC dominance has dipped below 60%, marking its second major decline in three months. Meanwhile, Solana is in focus as it holds steady above the $200 mark, reaching a 5-month high. Additionally, Ethereum Futures open interest has increased from $18 billion to $28 billion in a week, pushing the “altcoin season index” above 50 for the first time since December. This shift in market dynamics suggests we may be entering a promising altseason soon.”
CoinSwitch Markets Desk noted, “Bitcoin rebounded off a crucial support level near $116,000 after facing rejection at $120,000 in the early hours of yesterday. If the recent trendline support at $116.2K fails to hold, BTC could slide further toward the next major support zone at $113.5K. In the last 24 hours, the market witnessed liquidations worth $500 million — with long positions accounting for 55% of the wipeout, slightly higher than shorts (45%). Meanwhile, Bitcoin ETFs recorded an outflow of $136 million, marking the first net outflow after 12 consecutive days of inflows.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) is trading around $117,000 after recently hitting a record high of $123,000. Bullish momentum is driven by institutional inflows into spot ETFs and U.S. pro-crypto legislation like the GENIUS and CLARITY Acts. BTC is holding above key EMAs with strong technical support near $116,000. A breakout above $122,000 could push it to $125,000–128,000. However, a drop below $116,000 may lead to a correction toward $112,000. Long-term forecasts remain optimistic, with some analysts predicting $200,000 by year-end, driven by halving supply shocks, strategic adoption, and regulatory clarity boosting investor confidence across global markets.”
Shivam Thakral, CEO of BuyUcoin, said, “The single-day outflow from Bitcoin ETFs stood at $131M while Ethereum ETFs added $194M to their kitty during the same period. The Ethereum rally is attracting institutional buyers who anticipate a BTC-like growth momentum. The regulatory backing and support from Trump's media corporation, BTC treasury, will keep the market buzzing this week.”
CoinDCX Research Team noted, “The crypto markets are facing bearish pressure, with Bitcoin sliding below $118,000 and Ethereum below $3,800. While the other popular altcoins are also following the top 2 tokens, Solana has decoupled from the trend and is approaching the pivotal resistance at $200. On the other hand, Cardano is also displaying strength along with Avalanche and Pi Network. The top gainers include Pudgy Penguins, Kaspa, Raydium, and Jupiter, with 15.14%, 14.3%, 11.4% & 10.75% jumps, respectively. Losers include Pump.fun, which dropped by over 11.3%, and Tezos, by more than 10%.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Crypto market is holding a cautiously bullish tone today as the US administration will releases its first official crypto policy report today. Bitcoin is consolidating around $117,200 with inflows stabilising and whale activity showing signs of moderation. Meanwhile, Ethereum is taking the spotlight, backed by over $2.1 billion in ETF inflows last week and continued institutional accumulation. ETH is gaining strong momentum toward the $4,000 mark. Altcoins like XRP, Dogecoin, and Solana are also drawing fresh capital as Bitcoin dominance starts to soften, hinting at a potential rotation.”
Srinivas L, CEO, 9Point Capital, said, “Bitcoin remains rangebound after its recent rally, consolidating between key support and resistance levels. This healthy pause is building a solid base for the next leg up. With strong ETF inflows, resilient macro sentiment, and long-term on-chain indicators flashing bullish, we expect BTC to eventually break out to the upside and resume its upward trajectory.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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