News: Bitcoin experienced a volatile day, initially dipping below $22,000 following Fed Chair Powell's hawkish remarks on inflation, but then showing resilience by rebounding above this key level. The Grayscale vs. SEC lawsuit hearing generated positive sentiment, narrowing the GBTC discount and suggesting potential progress towards a spot Bitcoin ETF. Meanwhile, Yuga Labs' successful Bitcoin NFT auction via Ordinals highlights growing utility and demand for Bitcoin-based digital assets. Miner updates showed mixed operational results, with Argo Blockchain reporting increased production.

Market Probabilities: 
Bull 50% | Base 30% | Bear 20%

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