$BTC Investing.com-- Bitcoin jumped on Thursday, but the gains remain limited after a recent rebound ran dry amid persistent concerns over the outlook for U.S. trade tariffs and economic growth.
The world’s largest cryptocurrency marked a strong rally through April, adding nearly 20% and wiping out its annual losses as sentiment improved from troughs seen earlier this year.
But broader crypto markets largely lagged this rebound, given that a bulk of Bitcoin’s gains were also driven by large buying action from Michael Saylor’s Strategy and a slew of spot exchange-traded funds.
Moreover, ETF buying was seen petering out this week, with major ETFs logging a small net outflow on Wednesday.
