The sentiment around Donald Trump's potential pardon of Ross Ulbricht is predominantly bullish for the crypto market, especially for $BTC. Social media discussions highlight a "Trump Effect," linking his political moves to increased Bitcoin interest and optimism. The probability of Ulbricht receiving a pardon surged significantly, which correlates with heightened speculation and investments in crypto assets.

Moreover, institutional backing for Bitcoin remains strong, with reports indicating significant holdings and potential regulatory support that could further bolster the market. However, there are also concerns about volatility and skepticism regarding Bitcoin's stability, suggesting that while the immediate sentiment is bullish, caution is warranted. Overall, the combination of positive news sentiment and social media enthusiasm indicates a favorable outlook for $BTC in the near term.

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