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

The largest cryptocurrency in the world witnessed a strong rise over the past week, supported by increased buying from Strategy and hints from government officials towards more cryptocurrency-friendly regulations. Investor interest in Bitcoin exchange-traded funds was also noted.

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