News: Bitcoin and the broader crypto market are reacting positively to the Federal Reserve's 50 basis point rate hike, which was perceived as less hawkish than anticipated, leading to a relief rally. Institutional adoption signals remain strong with Goldman Sachs offering Bitcoin-backed loans and Fidelity enabling Bitcoin in 401(k)s, suggesting growing integration with traditional finance. However, sustained outflows from crypto funds indicate ongoing investor caution, while mining companies report increased production, providing a mixed but cautiously optimistic short-term outlook.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

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