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Happy Monday, Zingernation! Dogecoin has lost some of its old swag but if you play with size and want some meme exposure, it could hit $0.30 soon.

Today, we look at the key indicators that will decide if this Bitcoin rally hits $75,000, what is going on with MicroStrategy and more.

Plus, our partner helps you pamper your pet and save money doing so.

MARKET SNAPSHOT

TOP STORY

Key Bitcoin Indicators Reveal Whether This Rally Is When $75K Breaks

Briefly: Bitcoin was close to $70,000 in Monday morning trading before a slight correction back down to $68,000.

So Basically: Bitcoin is now trading significantly above the average realized price for short-term investors, which is at $63,500.

So Then: Key factors driving this rally are improved mining profitability, stablecoin capitalization, institutional interest and sell pressure subsiding.

So What: Positive sentiment in the US market has returned, analytics firm CryptoQuant noted, without specifying how long this rally will continue.

Read the entire scoop here.

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FIVE ZINGERS

Pump It: Bitcoin started the week strong, with its first Asian trading session taking the price close to $70,000 before a small correction back to $68,000.

Good One: Dogecoin won’t pump anymore like it used to but it is still “a good one” to have exposure to the meme mania and could hit $0.30, a trader said.

Careful: A prominent trader warned that it is better not to buy “what has already pumped” and instead look at coins that are still lagging.

Why Not? Justin Sun urged China to reconsider its crypto position after Donald Trump vowed to build a strategic Bitcoin stockpile for the US.

Study That: Wyoming is starting the first Bitcoin Research Institute to advance academic research around the apex crypto.

FINTECH FOCUS

MicroStrategy Stock Is Moving Higher Monday: What's Going On?

Briefly: MSTR shares are on the rise after former President Donald Trump advocated for crypto at the Bitcoin Conference over the weekend.

What Happened: MicroStrategy executive chair Michael Saylor laid out an investment thesis and believes bitcoin can reach $13 million per coin in the year 2045.

What Else: MicroStrategy will report financial results for the second quarter after the market close on Aug. 1. The company is expected to report a loss of $1.10 per share and quarterly revenue of $122.6 million.

Why It Matters: The company held 226,331 bitcoin as of June 20.

Read the full scoop here.

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