FameEX Morning Crypto News Recap | October 8, 2025
2025-10-08 03:17:28Federal Reserve's Reserves Fall Below $3 Trillion, Tapering Could Be Coming to a Close
Funding pressures in the U.S. money market remain intense, with Federal Reserve reserves dipping below $3 trillion, suggesting that tapering may soon end. Since early September, the overnight financing market has experienced significant volatility, keeping ultra-short-term interest rates elevated. The latest data shows bank reserves at their lowest since January.
S&P Unveils Digital Markets 50 Index for Broader Investment Opportunities
On October 7, S&P launched the Digital Markets 50 Index, designed to offer investors diversified exposure to digital markets.
Gold Price Forecast Increased to $4900 per Ounce Amid U.S. Government Shutdown
As of October 7, the U.S. government shutdown has lasted seven days, causing gold prices to pull back from nearing $4000 per ounce. Goldman Sachs has raised its gold price forecast for December 2026 from $4300 to $4900 per ounce, citing strong inflows into gold ETFs and increased central bank gold buying.
Bitcoin and Gold Correlation Reestablished, Major Increase Expected by Year-End
Bitcoin has regained its correlation with gold, both reaching historical highs recently. Gold has surged over 50% this year, outperforming Bitcoin's 33.5%. Analysts suggest that despite Bitcoin's lag, if it continues to follow gold's upward trend, a notable price increase could be expected by the year's end.
Bitcoin's Crucial Accumulation Zone Lies Close to $117,000
Glassnode highlights that Bitcoin has weak support between $120,000 and $121,000, but a key accumulation zone exists around $117,000, where approximately 190,000 BTC were purchased. If Bitcoin's price drops to this level, recent buyers may actively defend the support, potentially leading to renewed buying interest and demand.
Options Traders Predict Bitcoin Will Surge to $140,000
Bitcoin has hit an all-time high, driving options traders to place increased bets on a rise to $140,000. Data reveals a significant concentration of call options around the strike price, set to expire by year-end. There is also a moderate increase in put option demand, as traders seek downside protection after the surge.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.