News: Geopolitical tensions surrounding Russia and Ukraine are driving a risk-off sentiment across global markets, impacting both equities and cryptocurrencies. Bitcoin is trading rangebound as traders hedge risks, while altcoins are experiencing steeper declines, leading to an increase in Bitcoin's dominance. Regulatory news, such as the SEC's fine on BlockFi and potential IRS tax exemptions for miners, adds complexity to the short-term outlook. Meanwhile, technological advancements like Intel's new mining chip and a record Bitcoin hashrate offer potential bullish catalysts for the infrastructure side of the crypto market.

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

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