News: The crypto market experienced a significant downturn today, primarily driven by China's comprehensive ban on all cryptocurrency transactions and mining activities. This regulatory action led to a sharp decline in Bitcoin and other major cryptocurrencies, as well as a sell-off in crypto-related stocks. Broader market sentiment was also influenced by ongoing uncertainty surrounding the Evergrande debt situation, contributing to a risk-off environment. Despite the immediate bearish pressure, some analysts suggest potential for recovery, while institutional interest in crypto adoption continues to grow.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The explicit declaration of all crypto transactions as illegal by China's central bank is a major re"}