🟠 MARKET UPDATE — 8 OCTOBER 2026
Pakistan Time (GMT+5) | 7:08 AM
🟡 GOLD: Gold recovered around 0.4% to $4,127/oz after touching a two-month low. Strong USD and Treasury yields remain the main pressure, while markets are watching the Fed’s rate outlook. �
Reuters +1
₿ BTC: Bitcoin remains under pressure around $83K–$85K after a sharp sell-off. Rising Treasury yields, oil prices and a stronger dollar are weighing on risk assets. $83K is an important support; $86.5K–$87K is key resistance. �
Barron's +1
♦️ ETH: Ethereum dropped roughly 5%, trading around $2,560 amid the broader crypto sell-off. ETH sentiment has weakened, with recent ETF outflows adding pressure. �
Barron's +1
✖️ XRP: XRP fell about 5% to $1.42. Fund demand has weakened significantly, while the $1.50 level has been lost. The $1.40 area is now an important level to watch. �
au.investing.com
📌 MARKET MOOD: BEARISH / HIGH VOLATILITY — Rising yields + strong USD + oil above $100 are currently creating pressure on both crypto and gold.
**⚠️ Traders should watch the Fed rate outlook and Treasury yields closely today.**