News: The crypto market remains heavily influenced by the FTX contagion, with significant negative sentiment persisting. However, Bitcoin and Ethereum are showing surprising resilience, avoiding further steep declines and even rebounding slightly on positive PPI data. Institutional interest, as seen with ARK Invest's GBTC purchase, continues, offering a counter-narrative to the widespread fear. Despite the ongoing fallout and negative commentary from traditional finance leaders, the focus on self-custody and the underlying technology of smart contracts provides some bullish undertones. Macroeconomic factors like tech layoffs signal a potential economic slowdown, which typically dampens risk appetite.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The FTX collapse represents a systemic risk to the crypto industry, leading to contagion effects and"}