News: The crypto market experienced a significant downturn today, with Bitcoin dropping sharply and other cryptocurrencies following suit. This sell-off appears to be largely driven by the news that Goldman Sachs has shelved plans to open a cryptocurrency trading desk, citing regulatory uncertainty. This institutional setback has dampened market sentiment. However, there are also some positive regulatory signals, such as the Philippines considering the legalization of crypto exchanges, and optimistic commentary from Abra's CEO regarding Bitcoin ETF approval.

Market Probabilities: 
Bull 25% | Base 40% | Bear 35%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "down", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "The SEC's repeated denial of a Bitcoin ETF application creates a significant barrier for institution"}