News: The crypto market is showing mixed signals on the first trading day of 2023. While some analysts highlight historical returns from buying during downturns and positive developments like the Ethereum Shanghai upgrade boosting related tokens, broader market sentiment is cautious. US stocks slumped due to recession fears and potential Fed rate hikes, which often correlates with a risk-off approach impacting crypto. Regulatory concerns, particularly from the Fed and SEC regarding crypto assets and compliance, add to the bearish short-term outlook. However, strong Bitcoin hashrates suggest underlying network health.

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

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