News: The cryptocurrency market experienced a severe downturn today, with Bitcoin crashing below $10,000, driven by heightened regulatory fears stemming from South Korea and other jurisdictions, alongside the collapse of the Bitconnect platform. This led to a broad market sell-off, wiping out billions in market capitalization and impacting crypto-related stocks. While some analysts believe the market is oversold, the prevailing sentiment is bearish due to the confluence of regulatory uncertainty and scam-related news.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "Heightened regulatory fears across multiple jurisdictions triggered a sharp sell-off, pushing Bitcoi"}