News: Bitcoin experienced a significant downturn today, dropping below $9,000 and briefly touching $8,000, marking a multi-month low. This sharp decline was accompanied by substantial liquidations on derivatives exchanges and a general bearish sentiment across the altcoin market, with Litecoin also seeing a substantial drop. While Ethereum showed some resilience earlier, the overall market trend is decidedly negative. The lukewarm reception of Bakkt's futures launch is cited as a contributing factor to the bearish sentiment.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "Endorsements from prominent tech leaders like Jack Dorsey, who actively supports Bitcoin and its sca"}