News: The dominant news today is the SEC's rejection of the Winklevoss Bitcoin ETF application, which has triggered a significant price drop across the crypto market, with Bitcoin falling to $7,900 and the total market cap losing $11 billion. This regulatory setback overshadows any positive developments, such as AMD's warning about declining crypto revenue, which also points to a cooling mining boom. While some analysts remain bullish on the long-term prospects of crypto, the immediate impact is clearly bearish.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The immediate and significant price drop and market valuation loss directly correlate with the SEC's"}