$BTC Bitcoin rose on Friday, nearing the $100,000 level as risk appetite increased after China signaled that it was open to trade talks with the United States.

This largest cryptocurrency in the world is also supported by the announcement from major corporate holder Strategy (NASDAQ:MSTR) regarding a $21 billion equity offering, although the company also reported its fifth consecutive quarterly loss.

Broader cryptocurrency prices also experienced increases on Friday after China's comments, following a risk-driven market increase, particularly in stocks. However, the scope of the cryptocurrency rise is limited, as the strong rally throughout late April now appears to be starting to fade.

Bitcoin rose 1.7% to $96,806.4 at 01:22 ET (12:22 WIB), after reaching a high of $97,226.1 earlier in the trading session.

Bitcoin Strengthens as China Signals Openness for Trade Talks with the U.S.

The rise in Bitcoin on Friday largely occurred after China's ministry of commerce stated it was open to trade talks with the U.S., following dialogue efforts from Washington.

The comments raised hopes for trade negotiations between the two largest economies in the world, after they engaged in a fierce trade war in April.

However, China called for sincerity from U.S. officials, reiterating that any talks would still depend on the reduction of high trade tariffs by the U.S. on the country.

Bitcoin and cryptocurrencies are not directly affected by U.S.-China trade friction, unlike most stocks that have a direct relationship with the supply chain. Instead, their speculative nature makes them more sensitive to changes in sentiment.

Saylor's Strategy Reports Q1 Loss, Announces $21 Billion Capital Raise

Strategy, led by Bitcoin supporter Michael Saylor, reported a fifth consecutive quarterly loss for the March quarter, primarily due to unrealized losses on their Bitcoin holdings. Strategy posted a net loss of $4.22 billion or $16.49 per share, and experienced unrealized losses of $5.91 billion on their Bitcoin holdings.

However, the company announced a $21 billion at-the-market common stock offering, signaling that they intend to use the proceeds to buy more Bitcoin - in line with their previous stance.

The company has purchased over 15,000 Bitcoin by the end of April with a total value of $1.4 billion, adding to their reserves, which are already the largest among corporations.

Strategy's stock has greatly benefited from this trend, as investors buy the stock to gain exposure to Bitcoin. Strategy has traded up 33% so far in 2025, far outpacing even Bitcoin.

Cryptocurrency Prices Today: Altcoins Rise Following Bitcoin, $TRUMP Falls

The broader cryptocurrency prices all rose along with Bitcoin, although the increase was relatively limited.

The world's number 2 cryptocurrency Ether rose 1.4% to $1,838.68, while XRP increased 0.5% to $2.2219.

Solana and Cardano each rose 0.6% and 2.7%, while Dogecoin increased 3.3%.

$TRUMP is an exception, down nearly 5% amid ongoing profit-taking from a surge of over 50% throughout late April.