News: The market is showing mixed signals today. Long-term, institutional interest continues to grow with news of Morgan Stanley exploring Bitcoin swap contracts and Bitfury securing a $1 billion valuation, indicating underlying strength in the mining sector. However, regulatory hurdles persist with the SEC's continued denial of Bitcoin ETFs. Short-term, the election of pro-Bitcoin governors in Colorado and California provides a positive sentiment boost, while the upcoming Bitcoin Cash hard fork introduces near-term uncertainty. eToro's wallet launch and the success of Ethereum dApps like Augur highlight ongoing adoption and utility.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

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