News: The market sentiment remains cautiously optimistic, with long-term institutional developments like Grayscale's SEC registration and Bakkt's product expansion providing a solid foundation. However, short-term price action is influenced by discussions around market microstructure and altcoin performance, suggesting potential for minor volatility. The ongoing debate about crypto classification as securities continues to be a key regulatory overhang.

Market Probabilities: 
Bull 45% | Base 40% | Bear 15%

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