News: The crypto market is experiencing significant bearish pressure today, with Bitcoin and other cryptocurrencies trading at multi-month lows due to ongoing regulatory scrutiny and negative macroeconomic sentiment. India's crackdown on crypto exchanges adds to the regulatory concerns. However, there are some glimmers of optimism, with the SEC chairman suggesting a more nuanced approach to ICO regulation and analysts predicting a Q2 rebound for Bitcoin, partly due to the end of the US tax season. The narrative around blockchain versus bitcoin also appears to be shifting back in favor of cryptocurrencies.

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

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