News: Bitcoin showed signs of recovery, trading at a 10-day high, but the broader market sentiment remains cautious due to hawkish signals from Federal Reserve Chair Jerome Powell regarding potential 50 basis point rate hikes. This has led to a sharp reversal in US stocks, creating a bearish short-term outlook. Long-term, institutional adoption continues with Circle's significant funding round and the potential for spot Bitcoin ETFs, while regulatory concerns around mining in New York present a bearish risk. Mining companies are also seeing investment, indicating continued infrastructure development.

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

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