Bitcoin Volatility Sparks Concerns After $7 Million Kiloex Hack

A recent hack against cryptocurrency exchange Kiloex has resulted in a $7 million theft, raising alarm bells in the crypto community. While the hacker returned $5.5 million of the stolen funds, market experts highlight increased volatility as a key factor to watch. Notably, 170,000 BTC have recently moved from short-term to long-term holdings, which could signal potential market shifts and heightened instability.