News: The crypto market is experiencing a significant rebound today, driven by decisive U.S. regulatory intervention to stabilize the banking sector following the collapses of Silicon Valley Bank (SVB) and Signature Bank. Bitcoin and Ether have surged, with Bitcoin rallying over 18% in 24 hours, and the total crypto market cap has surpassed $1 trillion. The USDC stablecoin has also regained its dollar peg. This positive sentiment is largely attributed to the government's assurance that SVB depositors will have access to their funds, reducing fears of contagion and fostering a 'risk-on' environment. However, the closure of Signature Bank still presents a challenge for crypto firms seeking banking services.

Market Probabilities: 
Bull 70% | Base 20% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: HOLD
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