#FollowTheLeadTrader $BTC Investing.com-- Bitcoin rose on Thursday, recovering further from recent losses as sentiment was buoyed slightly by softer-than-expected U.S. inflation data.

But gains in Bitcoin and the broader crypto sector were limited as risk appetite remained under pressure from persistent concerns over an escalating trade war under U.S. President Donald Trump, as well as fears of a recession.

The world’s biggest cryptocurrency had slumped below $80,000 earlier this month on rampant risk-aversion, while Trump’s plans for a Bitcoin reserve also largely underwhelmed. But dip-buying and some hopes of more friendly regulation helped Bitcoin mark a mild recovery.

Bitcoin rose 1.8% to $83,511.6 by 01:27 ET (05:27 GMT). The crypto took few positive cues from an overnight rebound on Wall Street, as U.S. consumer price index inflation read softer than expected.