News: The crypto market is experiencing significant volatility and shifts in dominance. Ethereum has reached a new all-time high above $1,000, surpassing Ripple (XRP) as the second-largest cryptocurrency. Meanwhile, Ripple itself is showing signs of a pullback after record gains, exacerbated by Coinbase denying rumors of its listing, causing a sharp price drop for XRP. Bitcoin is showing resilience, trading above $16,000, potentially benefiting from a broader risk-on sentiment in traditional markets. Regulatory signals from the SEC and NASAA are hinting at increased scrutiny, which could create short-term headwinds for the market. The mining landscape is also shifting, with Chinese miners reportedly relocating due to regulatory crackdowns.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

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