News: Bitcoin is trading around the critical $20,000 level, showing resilience after recent dips, but remains under pressure from soaring UK inflation and recession fears. Positive news includes Sam Bankman-Fried's bailout of BlockFi and Avalanche's new Bitcoin bridge, which are providing some stability and utility enhancements. However, miner Bitfarms selling Bitcoin to reduce debt and potential loan defaults at Voyager Digital highlight ongoing liquidity concerns and contagion risks within the crypto industry. The market remains sensitive to macroeconomic data, with expectations of a potential resurgence if inflation cools.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

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