Muted Bitcoin price leaves exchange hack fallout unclear for two to three weeks

Bitcoin’s muted response to a major exchange hack offers little assurance that the market has absorbed the damage, according to Tim Grant. He said the next two to three weeks could reveal consequences that have yet to register in prices. Speaking in a discussion on CoinDesk’s X account on November 2, Grant, identified as a TensorX AI representative, cautioned against treating Bitcoin’s price as evidence that the fallout from the Binance hack had passed. Grant described the calm surrounding such a significant breach at the world’s largest crypto exchange as unsettling.