Bitcoin News Today: Bitcoin Dominance Below 61% as Altcoins Rally, XRP and MUTM Surge on Presale Growth and On-chain Activity

The altcoin market is gaining momentum as Bitcoin’s dominance wanes, with XRP and Mutuum Finance (MUTM) emerging as focal points. XRP, Ripple’s native token, has stabilized above $3.49, supported by rising on-chain activity and active wallet growth. Analysts note that maintaining this level could position the token for further gains if broader market conditions improve [1]. Meanwhile, MUTM’s presale has raised over $13 million at a price of $0.03 per token, attracting 14,000+ investors. The project has launched a $50,000 CertiK-backed bug bounty program to enhance security and a $100,000 giveaway to expand its community [2].

Mutuum Finance’s dual-lending model, combining Peer-to-Contract and Peer-to-Peer mechanisms, aims to address scalability and risk diversification in decentralized finance (DeFi). The platform’s self-executing smart contracts adjust interest rates dynamically based on supply and demand, while its P2P model allows customized loan terms. These features, coupled with CertiK’s audit and investor incentives, have fueled optimism about its potential as a DeFi leader [2].

The broader altcoin landscape is marked by growing institutional interest in utility-driven assets. Cardano (ADA) has attracted attention for its structured approach to blockchain scalability and smart contracts, while Bitcoin Hyper (HYPER), a layer-2 solution leveraging the Solana Virtual Machine, has raised $4.2 million in its presale. Analysts highlight HYPER’s focus on institutional-grade infrastructure as a differentiator [4]. Shiba Inu (SHIB) has seen renewed meme token activity, and Chainlink (LINK) remains critical for decentralized application ecosystems. However, projects like SUBBD and Spark (SPK) face scrutiny for their low market cap and unclear fundamentals [3].

The decline in Bitcoin dominance—now below 61%—has historically signaled altcoin season. Institutional inflows into Ethereum and layer-2 solutions like HYPER underscore demand for scalable infrastructure. The Altcoin Season Index, currently near 75, suggests a sustained shift toward altcoins, though experts caution against speculative assets lacking tangible use cases [4]. While tokens such as Snorter (SNORT) and Best Wallet (BEST) leverage Telegram integrations, their utility remains unproven [5].

Investor sentiment is further bolstered by macroeconomic trends favoring DeFi and cross-border payment solutions. XRP’s institutional adoption in remittance systems aligns with Bitcoin’s declining dominance, while MUTM’s presale progress and security measures reinforce its appeal as a high-potential altcoin. As the market navigates regulatory and technological developments, projects with clear utility and robust ecosystems are expected to outperform [1][2].

Sources:

[1] [4 Crypto Altcoins With Life Changing Potential](https://99bitcoins.com/news/presales/4-crypto-altcoins-with-life-changing-potential-1000-to-millions-before-2025/)

[2] [Best Altcoins To Buy Now: Experts Are Backing Cardano...](https://www.mitrade.com/insights/news/live-news/article-3-979914-20250723)

[3] [Best Altcoins to Buy: 4 Low-Cap Gems for this Altseason](https://cryptodnes.bg/en/best-altcoins-to-buy-4-low-cap-gems-for-this-altseason/)

[4] [Best Crypto to Buy Now As Bitcoin Dominance Plummets...](https://icobench.com/news/best-crypto-to-buy-now-as-bitcoin-dominance-plummets-ushering-in-altcoin-season/)

[5] [Top Penny Cryptos to Buy Now Before the Next Bull Run](https://m.economictimes.com/wealth/invest/top-penny-cryptos-to-buy-now-before-the-next-bull-run/articleshow/122830839.cms)