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PANews reported on May 7 that some Democratic candidates in the New Jersey gubernatorial race are accepting cryptocurrency, a strategy that once helped Trump run for U.S. President. At least half of the six Democratic candidates have supported cryptocurrency-related work, including U.S. Representative Mikie Sherrill, who is leading in some primary polls. Sherrill publicly stated, "The crypto economy is not going away, and we need more resources to regulate this field." Jersey City Mayor Steve Fulop has even promised to allocate part of the state pension fund to a Bitcoin ETF if elected. As the June 10 primary approaches, crypto policy has become a key differentiating issue. A Rutgers University poll shows that one-third of voters are still undecided. Although traditional issues like transportation and housing remain focal points, Fulop pointed out, "Democrats who refuse to understand crypto are being foolish—this is about winning over young voters." On the Republican side, Trump supporter Mario Kranjac stated he would follow federal policy direction.

According to ChainCatcher, as reported by CoinDesk, data from the on-chain analysis platform Glassnode shows that since March 2025, long-term holders (LTHs) have accumulated over 250,000 BTC, bringing their total holdings to over 14 million, demonstrating strong confidence in the market. Short-term holders (STHs) have also net increased their holdings by about 25,000 BTC in the past week, ending the previous months of continuous selling trend. Meanwhile, inflows into Bitcoin ETFs have accelerated over the past two weeks, and enterprise-level Bitcoin reserves continue to grow, further supporting market demand. Technical analysis indicates that $99,900 is seen as a potential profit-taking area, becoming the current key resistance level, with the market watching whether it can break through and continue to rise.