Bitcoin rose slightly on Wednesday, stabilizing near its recent highs as the recovery momentum slowed while awaiting key U.S. economic readings, amid ongoing uncertainty over trade tariffs.

The largest cryptocurrency in the world saw a strong increase over the past week, supported by more purchases from Strategy and hints from government officials towards more crypto-friendly regulations. There has also been an observed interest from investors in Bitcoin exchange-traded funds.

However, this recovery now appears to be slowing amid continued uncertainty regarding the U.S. economy, particularly in light of a fierce trade war with China. A range of economic readings is set to provide further insights later today, Wednesday.