#squarecreator - Bitcoin moved little on Wednesday, remaining close to recent highs as the rally cooled in anticipation of key economic data from the U.S. while uncertainty over trade tariffs persisted.

The world's largest cryptocurrency recorded a strong rise over the past week, supported by more buying actions from Strategy and as government officials promoted more favorable regulations for cryptocurrencies. It was also observed that investors were accumulating Bitcoin ETFs.

But this rally now seemed to be cooling amid persistent uncertainty about the U.S. economy, especially in the face of a bitter trade war with China. A series of economic readings will provide more information later on Wednesday.

Bitcoin fell 0.4% to $94,543.0 at 15:27 (Spain time). The coin was up nearly 15% in April, sharply reversing course after two consecutive months of losses.

Bitcoin and cryptocurrencies prepare for a flood of economic data

Cryptocurrency prices in general also moved within a limited range on Wednesday ahead of a series of key economic readings. U.S. gross domestic product data for the first quarter will be released later on Wednesday, and is expected to provide more information on how the economy performed in the first quarter of President Donald Trump's second term.

PCE price index data, the preferred inflation indicator by the Federal Reserve, will also be released later in the day, and will likely reflect some of the impact of Trump's tariff agenda on local inflation.

Key U.S. non-farm payroll data for April will be released on Friday, and will also likely influence the outlook for U.S. interest rates.

-Bitcoin generally has little direct correlation with U.S. economic data,