Investing.com-- Bitcoin rose slightly on Wednesday, steadying near recent highs as a rebound rally cooled in anticipation of key U.S. economic readings, while uncertainty over trade tariffs persisted.

The world’s biggest cryptocurrency clocked a strong run-up over the past week, taking support from more buying action by Strategy and as government officials touted more crypto-friendly regulations. Investors were also seen piling into Bitcoin exchange-traded funds.

But this rebound now appeared to be cooling amid persistent uncertainty over the U.S. economy, especially in the face of a bitter trade war with China. A barrage of economic readings are set to provide more insight later on Wednesday.

Bitcoin rose 0.8% to $95,041.2 by 01:36 ET (05:36 GMT). The coin was trading up nearly 15% in April, as it sharply reversed course from two straight months of losses.

Bitcoin, crypto brace for econ. data deluge

Broader crypto prices also turned rangebound on Wednesday before a string of key economic readings. U.S. gross domestic product data for the first quarter is due later on Wednesday, and is expected to provide more insight into how the economy performed in the first quarter of President Donald Trump’s second term.

PCE price index data- the Federal Reserve’s preferred inflation gauge- is also due later in the day, and is likely to reflect some of the impact of Trump’s tariff agenda on local inflation.

Key U.S. nonfarm payrolls data for April is due on Friday, and is also likely to factor into the outlook for U.S. interest rates.

While Bitcoin generally has little direct correlation to U.S. economic data, it is largely sensitive to the shifts in market sentiment that follow the readings. Despite some signs of decoupling, the world’s biggest crypto has moved largely in lockstep with U.S. stock markets, especially the Nasdaq 100 benchmark.

Crypto price today: altcoins tread water, lag Bitcoin in April

Broader crypto prices were rangebound on Wednesday after mostly having lagged Bitcoin through April.

World no.2 crypto Ether steadied at $1,802.73, and was trading 1% lower in April.

Solana rose slightly, and was a major outlier among its peers, in that it was the only major altcoin to surpass Bitcoin in performance in April. The crypto was trading up 18% for April, with a bulk of its gains coming over the past week amid increased on-chain activity centered around Trump’s memecoin, $TRUMP . The coin fell 6.4% on Wednesday, but was trading up over 31% in April after Trump said that the coin’s top holders will be invited to a White House dinner and forum.

XRP fell 0.6%, but was trading up nearly 8% in April. Cardano was flat and was headed for a 5.7% gain in April.

Dogecoin fell 1.1% and was trading up 5.3% in April.