FameEX Morning Crypto News Recap | October 8, 2025
2025-10-08 03:15:40Federal Reserve Reserves Drop Below $3 Trillion, Tapering May Be Nearing Its End
U.S. money market funding pressures persist as Federal Reserve reserves drop below $3 trillion, signaling the potential end of tapering. Since early September, volatility in the overnight financing market has kept ultra-short-term interest rates high. Bank reserves have hit their lowest level since January.
S&P Introduces Digital Markets 50 Index to Enhance Diversified Investment
On October 7, S&P introduced the Digital Markets 50 Index to provide enhanced diversified investment exposure.
U.S. Government Shutdown's Impact on Gold Prices, Forecasted to Reach $4900 per Ounce
As of October 7, the U.S. government shutdown enters its seventh day, with gold prices retreating from nearly $4000 per ounce. Goldman Sachs has revised its December 2026 gold price forecast upward, from $4300 to $4900 per ounce, driven by increased gold ETF inflows and central bank gold purchases.
Bitcoin-Gold Correlation Restored, Potential for Significant Increase by Year-End
Bitcoin has reestablished its correlation with gold, both hitting historical highs. Gold prices have risen over 50% this year, outperforming Bitcoin's 33.5%. Analysts believe that if Bitcoin continues to follow gold's upward trajectory, a significant increase in its price could occur by year-end.
Key Bitcoin Accumulation Zone Identified Near $117,000
Glassnode reports weak support for Bitcoin between $120,000 and $121,000, with a key accumulation zone near $117,000. Around 190,000 BTC were bought at this price level. If Bitcoin price retraces to this range, recent buyers are likely to defend the support, generating new buying demand.
Options Traders Place Bets on Bitcoin Rising to $140,000
Bitcoin has reached an all-time high, prompting options traders to bet on a rise to $140,000. Data from trading platforms shows a high concentration of call options around the strike price expiring at the end of the year. Additionally, a rise in demand for put options suggests traders are seeking protection against potential downside risk.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.