News: The crypto market is facing headwinds from ongoing macroeconomic concerns, particularly the Federal Reserve's hawkish stance on interest rates, as evidenced by the continued sell-off in US stocks and the anticipation of further hikes. This is compounded by internal industry drama, specifically the FTX-Alameda situation, which is creating significant volatility and contagion fears, leading to price pullbacks in major cryptocurrencies like Bitcoin and Ether. However, there are also potential positive signals, such as the anticipation of a more crypto-friendly regulatory environment following the US midterm elections and the narrative of Bitcoin as a hedge against inflation and bad governance, which could provide some underlying support.

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

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