According to Fox News, LA Mayor Bass stated that current immigration enforcement measures are causing a 'ghost town' effect in Los Angeles, likening the economic slowdown to the COVID lockdowns (source: Fox News, June 17, 2025). For traders, this signals potential local economic instability, which could impact consumer spending, real estate, and city-based business sectors. These disruptions may increase volatility and risk sentiment in US financial markets, often leading to higher demand for decentralized assets like Bitcoin (BTC) and Ethereum (ETH) as investors seek safe-haven alternatives. Crypto traders should monitor local policy developments and social sentiment, as shifts in traditional markets could drive short-term cryptocurrency price movements.