News: Bitcoin experienced volatility today, trading around $24,100 following the release of mixed FOMC minutes that suggested potential for continued interest rate hikes. Despite this, cryptocurrencies showed some resilience, with Bitcoin and Ether rising. Regulatory news remains a key factor, with the SEC's dominance in crypto regulation highlighted by JPMorgan, and the IMF stating crypto should not be legal tender. Fintech firm Block reported a year-over-year decline in Bitcoin revenue, indicating a potential slowdown in consumer adoption. However, positive developments in blockchain infrastructure, such as Coinbase launching an L2 solution and strong growth forecasts for blockchain gaming, offer some bullish undertones for the longer term.

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

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