News: The crypto market experienced a significant downturn today, with Bitcoin and Ethereum plunging and the total market cap falling below $1 trillion. This sell-off occurred despite some earlier resilience, highlighting the strong correlation with traditional markets and ongoing macroeconomic pressures. Regulatory actions, such as the freezing of Do Kwon's Bitcoin assets by South Korean prosecutors and India's ED action, added to negative sentiment. However, developments like Lightning Labs' Taro release and Ethereum's post-Merge inflation resistance offer potential long-term bullish catalysts.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "The successful Ethereum Merge was a fundamental technological advancement that significantly reduced"}