According to Fox News, New Jersey gubernatorial candidates are preparing for a highly competitive primary, seen as an early indicator of political sentiment during Trump’s second term. This political climate could increase volatility in US stock markets, especially for sectors sensitive to regulatory changes, and may indirectly impact the cryptocurrency market as traders monitor potential shifts in federal and state policy direction. Political uncertainty often leads to increased demand for decentralized assets like Bitcoin and Ethereum as a hedge against traditional market fluctuations (Source: Fox News, June 1, 2025).