Crypto Markets: Bitcoin & the Majors — July 22, 2026
Key Facts
- Bitcoin closes at 66,312 $ with a -0.29% daily move marking a muted session after recent resilience around the mid-60,000s according to broader price trackers
- Ethereum ends the day at 1,929 $ with a +0.05% gain underscoring a flat but steady tone in the second-largest cryptocurrency
- Solana settles at 78.11 $ with a +0.41% daily rise adding to a pattern of modest altcoin strength seen in recent sessions
- XRP finishes at 1.1425 $ with a +2.73% daily jump standing out among the majors with the strongest percentage move on the day
- Latin America recorded nearly 1.5 trillion dollars in crypto transaction volume between July 2022 and June 2025 with Brazil alone receiving 318.8 billion dollars, roughly one-third of regional activity
- Stablecoins drove 324 billion dollars of transaction volume in Latin America in 2025 an 89% year-on-year surge that now underpins remittances, savings and payments across Brazil, Argentina and El Salvador
Today’s Focus
Bitcoin, Ethereum and the main altcoins ended the latest settled session little changed, with Bitcoin closing at 66,312 $ and posting a -0.29% day-on-day move while Ethereum edged up 0.05% to 1,929 $, a picture of consolidation rather than drama.
Altcoins were slightly firmer, with Solana at 78.11 $ and XRP at 1.1425 $, the latter up 2.73% day-on-day and continuing a more volatile pattern tied to regulatory headlines and payment-use expectations.
Behind the calm price board, Latin America’s crypto story is less about day trading and more about structural use: the region handled nearly 1.5 trillion dollars of crypto volume between mid-2022 and mid-2025, with stablecoins making up 324 billion dollars of transactions in 2025 alone and growing rapidly in remittances and dollar savings.
For foreign readers, the key message is that modest price moves mask deepening integration of crypto into everyday finance in Brazil, Argentina and El Salvador, where high inflation, capital controls and costly remittances are pushing households and firms towards dollar-linked stablecoins and low-cost cross-border transfers.
What matters today. What matters is that relatively flat headline prices sit atop a Latin American market where stablecoins and remittance use are becoming core financial infrastructure, making adoption trends more important than today’s ticks.
01 The session in one read
The latest settled crypto session closed with a distinctly subdued tone: Bitcoin ended at 66,312 $, down -0.29% day-on-day, and Ethereum at 1,929 $, up a marginal +0.05%, a pattern in line with recent global reports of resilient but not explosive price action around the mid-60,000 and sub-2,000 dollar marks.
For an outsider, this means the world’s two benchmark cryptocurrencies are essentially treading water after earlier gains, while the broader market, as captured by indices such as the CoinMarketCap 20, remains significantly below its starting levels for 2026, reminding investors that this is a consolidation phase rather than a fresh mania.
Market-wise, the session points to digestion rather than direction, with Bitcoin’s close at 66,312 $ (-0.29%) and Ethereum’s at 1,929 $ (+0.05%) fitting a broader pattern of modest moves after earlier strength noted by global trackers. Altcoins such as Solana at 78.11 $ (+0.41%) and XRP at 1.1425 $ (+2.73%) offered slightly more energy, but the real story for Latin America is the continued march of stablecoins, which drove 324 billion dollars of transaction volume in 2025 and are projected to take 18% to 22% of a remittance market worth well over 150 billion dollars by 2026; the variable to watch is the share of regional remittances settled via stablecoins rather than traditional money transfer channels.
02 The board
Reading the price board, the headline is calm rather than crisis: Bitcoin at 66,312 $ with a -0.29% daily move tells you that traders are neither panicking nor chasing aggressively, and Ethereum’s 1,929 $ close with a +0.05% change confirms a market that is pausing to reassess rather than resetting its narrative.
Further down the board, Solana’s 78.11 $ print and +0.41% daily rise, alongside XRP at 1.1425 $ and +2.73%, point to selective interest in alternative networks and payment tokens, with XRP’s stronger percentage move hinting that investors are still willing to pay for exposure to potential gains in cross-border payments and regulatory clarity.
| Asset | Level | Change |
|---|---|---|
| Bitcoin | 66,312 $ | -0.29% |
| Ethereum | 1,929 $ | +0.05% |
| Solana | 78.11 $ | +0.41% |
| XRP | 1.1425 $ | +2.73% |
Source: EODHD close, 2026-07-22. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 173,325.65 | -0.03% | +29.19% | 173,371.35 | — | — | — |
| IPSA | 10,954.04 | +0.52% | — | 10,896.87 | 11,000 | 10,808 | 1,513,213,483 |
| IPC MEX | 66,713.83 | +0.89% | +19.47% | 66,122.78 | 66,810 | 66,102 | 109,351,281 |
| MERVAL | 3,281,979 | +1.81% | +60.69% | 3,223,652 | — | — | — |
| COLCAP | 2,301.34 | +0.13% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 56,620.35 | — | — | — | — | — | — |
| USD/BRL | 5.07 | -0.31% | -8.83% | 5.09 | 5.07 | 5.07 | — |
| EUR/BRL | 5.79 | -1.16% | -11.00% | 5.85 | 5.79 | 5.78 | — |
| USD/MXN | 17.39 | -0.24% | -6.79% | 17.43 | 17.42 | 17.39 | — |
| USD/CLP | 934.18 | -0.03% | -2.04% | 934.50 | 934.18 | 934.18 | — |
| USD/COP | 3,213 | -1.69% | -20.33% | 3,269 | 3,213 | 3,213 | — |
| USD/PEN | 3.40 | +0.23% | -4.50% | 3.39 | 3.40 | 3.39 | — |
| USD/ARS | 1,478 | -0.27% | +15.97% | 1,482 | 1,478 | 1,478 | — |
| USD/UYU | 40.11 | +1.23% | +0.75% | 39.62 | 40.11 | 40.11 | — |
| USD/PYG | 6,045 | +1.76% | -19.24% | 5,940 | 6,045 | 6,045 | — |
| USD/BOB | 10.80 | +2.69% | +60.48% | 10.52 | 10.80 | 10.80 | — |
| USD/DOP | 58.02 | +0.31% | -3.32% | 57.84 | 58.17 | 58.02 | — |
| USD/CRC | 446.12 | +1.15% | -9.31% | 441.06 | 446.12 | 446.12 | — |
03 What moved it
Global news flow suggests that macro and geopolitical factors have produced more sideways trading than trend in recent days, with one recent snapshot describing Bitcoin and other majors as moving “flat” amid rising tensions yet still seeing around 12% higher trading volumes, underscoring how risk appetite is present but cautious.
Liquidations of roughly 120 million dollars over 24 hours and small declines in derivatives open interest indicate short-term traders trimming positions rather than long-term holders capitulating, helping explain why daily percentage changes on the board are modest despite a noisy backdrop.
04 The Latin American read
Latin America’s crypto market is far from flat: between July 2022 and June 2025, the region recorded nearly 1.5 trillion dollars in crypto transaction volume, with Brazil taking in 318.8 billion dollars and ranking as the dominant player, reflecting both retail enthusiasm and growing institutional use.
Stablecoins – cryptocurrencies designed to hold a steady value, usually pegged to the US dollar – have become the backbone of this activity, generating 324 billion dollars in transaction volume in 2025, an 89% year-on-year surge, and now handling a projected 165 billion dollars in annual remittances across the region in 2026.
05 The names to watch
Brazil stands out as the anchor market, not only for its 318.8 billion dollars of crypto value received but also because over 90% of its crypto flows are now stablecoin-related, helped by new central bank rules that classify stablecoin transactions as foreign exchange operations and bring them under the established remittance framework.
Argentina is the other pivotal name: with inflation running over 100% and often cited above 120%, Argentines have turned to dollar-linked stablecoins and broader crypto holdings more aggressively than neighbours, lifting ownership rates to around 18.2% of the population and pushing the country into the top tier of global adoption indices.
06 The outlook
Looking ahead, the outlook for Latin America is that crypto’s role will continue to shift from speculative asset to everyday tool, as stablecoins cement their place in remittances and savings, and as countries such as El Salvador, which already recognises Bitcoin as legal tender, slot into a wider regional pattern where institutions – 71% of them in the case of stablecoin use – are integrating digital assets into cross-border payment flows.
07 What to watch
- Stablecoin remittance share: Watch how quickly stablecoins grow from an expected 18%-22% share of Latin American remittances in 2026, as fee savings of up to 92% make them attractive to migrant workers and their families.
- Brazil’s regulatory framework: Monitor Brazil’s implementation of central bank resolutions that treat stablecoins as foreign exchange transactions, as clear rules could unlock further institutional adoption and deepen the use of crypto rails for trade and remittances.
- Argentina’s inflation and capital controls: Track Argentina’s inflation rate and any changes to capital controls, because sustained double- or triple-digit inflation is a primary driver of stablecoin demand and could push even more households into dollar-linked digital assets.
- Institutional adoption rates: Keep an eye on the share of Latin American institutions using stablecoins for cross-border payments, already reported at 71%, since rising corporate usage would embed crypto into mainstream commerce and reduce the market’s reliance on speculative trading.
Frequently Asked Questions
How did Bitcoin and Ethereum move in the latest session?
Bitcoin closed at 66,312 $ with a -0.29% day-on-day move, while Ethereum ended at 1,929 $ with a +0.05% daily change, reflecting a largely flat trading day for the two benchmark assets.
Why is Latin America seen as a crypto hot spot?
Between mid-2022 and mid-2025, Latin America recorded nearly 1.5 trillion dollars in crypto transaction volume, driven by countries such as Brazil and Argentina where high inflation, currency instability and expensive remittances make digital assets and dollar-linked stablecoins particularly attractive.
How important are stablecoins for remittances in the region?
Stablecoins handled 324 billion dollars of transaction volume in 2025 and are projected to account for 18% to 22% of Latin American remittances by 2026, with fee savings of up to 92% compared with traditional money transfer services.
What does this mean for foreign investors watching Brazil, Argentina and El Salvador?
For foreign investors, the key takeaway is that these markets are building real-world crypto plumbing – from Brazil’s regulatory framework for stablecoin FX operations to Argentina’s inflation-driven dollarisation and El Salvador’s Bitcoin experiment – so adoption metrics and policy changes may matter more to long-term value than today’s modest price moves.
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.
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