News: The crypto market is experiencing mixed signals today. BlockFi's bankruptcy filing continues to weigh on sentiment, reinforcing bearish macroeconomic concerns and dollar strength. However, some cryptocurrencies like Dogecoin are showing short-term strength, potentially driven by speculative interest. Regulatory commentary from ECB President Lagarde and Senator Lummis highlights ongoing discussions about increased oversight, adding to short-term uncertainty. Despite a brief positive uptick in Bitcoin and Ether, the dominant narrative remains cautious due to contagion fears and expert predictions of further price drops.

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

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "BlockFi's bankruptcy filing is a direct consequence of the FTX collapse and broader market contagion"}