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$290M Kelp DAO hack raises AI threat concerns, Bitcoin may dip to $60K in April

A $290M AI-enabled hack of Kelp DAO has spooked crypto markets, boosting fear that AI — not quantum computing — is a current attack vector and raising the odds of a Bitcoin sell-off. Prediction markets now put a Bitcoin dip to $60,000 in April as increasingly plausible, and a separate market prices another $100M+ crypto hack by Dec. 31 at 100% YES. Traders show interest but limited capital commitment (April 24 Bitcoin contract had $119,727 face value vs. $18,346 in USDC traded), suggesting sentiment-driven positioning rather than heavy bet placement. Market reactions will hinge on security firm updates and exchange/DeFi protocol responses.

Category

Bitcoin

Sentiment

Bearish

Event

Forecast

Reading time

1 min