Bitcoin is trading at $114,488 with a 4.6% weekly gain and a market capitalization of $2.28 trillion, data show. The cryptocurrency is consolidating above key support levels following a recent breakout, according to market strategist Michaël van de Poppe. The Federal Reserve's FOMC policy statement this week may influence near-term price action.

France has unveiled a legislative proposal to accumulate approximately 420,000 BTC over seven to eight years, establishing the first official Bitcoin Strategic Reserve in Europe. The bill, to be introduced by Eric Ciotti of UDR, aims to strengthen financial sovereignty by leveraging nuclear and hydroelectric energy for domestic mining operations.

Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, suggests Bitcoin's price could establish a permanent floor above $100,000. The analyst cites improving U.S.-China relations, anticipated Federal Reserve rate cuts, and rising institutional demand through spot ETFs as key factors supporting this structural shift in BTC valuation.

S&P Global Ratings assigned Strategy Inc. a B- credit rating, six notches below investment grade, citing concentrated Bitcoin holdings of approximately $74 billion and limited U.S. dollar liquidity. The agency warned the company faces over $640 million in annual preferred dividend payments and billions in convertible debt maturing through 2028, creating potential refinancing risks if Bitcoin prices decline sharply.

Bitcoin trades near $110,000, approximately 30% below its Nasdaq 100-implied fair value of $156,000, according to ecoinometrics. On-chain analyst Maartunn notes the Stablecoin Supply Ratio Stochastic RSI has entered oversold territory, indicating significant liquidity available for potential buying pressure. October's price volatility eliminated over $12 billion in futures open interest, dropping from $47 billion to $35 billion.

Large Bitcoin holders have resumed building long positions, according to Bitfinex data. This whale behavior historically precedes significant price rallies. The Alphractal model, combining Value Coin-Days Destroyed and Spent Output Profit Ratio metrics, shows Bitcoin trading within key support bands at $92,902 and resistance near $147,937, suggesting a prolonged accumulation phase.

Market analyst Ali identified bullish technical patterns on three mid-cap tokens using the TD Sequential indicator on October 24 and October 25, 2025. Raydium posted $24.3 million in Q3 revenue, a 69% quarter-over-quarter increase. Sei integrated institutional custody services with Crypto.com, while Algorand extended its World Chess partnership for two years.

JPMorgan has raised its Coinbase price target to $404 by December 2026, projecting that a potential Base network token could generate $12 billion to $34 billion in market capitalization. The bank's analysts highlighted Coinbase's expansion beyond traditional exchange operations into a multi-platform ecosystem that includes stablecoin yield products, decentralized trading integration, and its Ethereum Layer 2 blockchain. With an assumed 40% retention by Coinbase, the token could add $4 billion to $12 billion to the company's equity value.

JPMorgan Chase will allow institutional clients to use Bitcoin and Ethereum as collateral for loans, according to sources familiar with the matter. The world's largest bank by market capitalization plans to launch the service by the end of 2025, with third-party custodians holding the pledged digital assets. The move marks a shift from the bank's historically cautious stance on cryptocurrency, despite CEO Jamie Dimon previously describing Bitcoin as "a pet rock."