Bitcoin moved slightly on Wednesday, remaining within the trading range seen over the past few weeks as risk appetite remained subdued due to uncertainty surrounding U.S. tariffs and their economic impact.

The largest cryptocurrency in the world received little support from the progress of President Donald Trump's Truth.Social platform in its plans to list a Bitcoin spot exchange-traded fund in U.S. markets.

Attention was fully focused on a potential call between Trump and Chinese President Xi Jinping, which could set the tone for future trade negotiations between the United States and China.

While speculation about the call boosted some risk appetite, it was countered by Trump doubling tariffs on steel and aluminum imports - a move that could put some pressure on U.S. companies in the near term.$BTC