News: The crypto market experienced a significant downturn today, primarily driven by concerns surrounding Silvergate Bank, a key player in the crypto financial ecosystem. Bitcoin and Ether saw substantial drops, with Bitcoin falling below $23,000. This sell-off indicates a heightened risk-off sentiment, amplified by the FTX fallout and broader macroeconomic uncertainties related to Fed policy. While traditional markets showed some resilience, crypto assets were disproportionately affected. The short-term outlook remains bearish due to these immediate liquidity and contagion fears.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The increasing demand for crypto ETFs signifies a significant step towards mainstream financial inte"}