News: The crypto market is showing strong bullish momentum today, driven by significant institutional developments. Major banks like Wells Fargo and JPMorgan filing for Bitcoin funds, coupled with BlackRock's substantial investments in mining stocks, signal growing institutional adoption. Coinbase's commitment to investing in crypto further bolsters positive sentiment. Bitcoin itself has surged above $47,000 on strong buyer demand. While regulatory news from the SEC regarding ICOs presents a bearish long-term outlook for some altcoins, the immediate focus is on the positive institutional inflows and adoption trends.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.675, "key_reason": "Major banks filing for Bitcoin funds is a strong bullish signal, indicating increased institutional "}