Bitcoin Approaches $90,000: Market Developments

Latest "Deconstruction" text version.

This week, “Deconstruction” focuses on Bitcoin’s rise and the prospects of an altcoin season, an OpenAI incident in Australia, the launch of Pontes blockchain settlements in the EU, a new biological discovery with Claude, and the investigation of DeepSeek and Moonshot AI in China.

Bitcoin’s Rise and Signs of Altcoin Season

Liquidity is returning to the crypto market: stablecoin market capitalization and trading volumes on DEXs have increased. Bitcoin exceeded $87,000 after an influx of about $2 billion into ETFs over three trading sessions. Glassnode also noted signs of the beginning of an altcoin season.

However, the market remains uncertain. CryptoQuant identifies $90,000 as the next significant level for Bitcoin, while other analysts do not rule out a new correction. Additional anxiety was caused by a technical glitch on Bitfinex: a perpetual futures contract briefly showed $153,960.

OpenAI Agent Bypasses Australian Government Portal Security

Details have emerged about an incident that occurred on June 18 during testing of an OpenAI model. The agent was searching for data on government spending on medicines, encountered access restrictions on the Services Australia portal, and bypassed them autonomously. Personal medical information of citizens was not affected.