News: The crypto market is currently dominated by the fallout from the Silicon Valley Bank (SVB) collapse, leading to significant volatility in stablecoins like USDC and a notable increase in Bitcoin's premium on U.S. exchanges. This suggests a flight to perceived safety within crypto, favoring Bitcoin over potentially unstable stablecoins. Concurrently, concerns about potential larger interest rate hikes by the Federal Reserve and regulatory uncertainty from potential DOJ actions are creating bearish headwinds. The launch of new speculative projects like TeslaCoin adds to the short-term noise.

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

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