Bitcoin, Ether, and XRP rebound as Senate moves to limit Trump’s Iran war powers.

Bitcoin rose to around $77,200 on Wednesday, while XRP, Ether, and Solana also moved higher as falling Treasury yields and weaker oil prices supported a recovery in risk assets.

Major cryptocurrencies attempted to break a five-day losing streak after the U.S. Senate voted to end President Donald Trump’s war powers related to Iran, easing a wave of geopolitical uncertainty that had weighed on global markets.

The Senate passed the measure 50–47 after seven previous failed attempts since the conflict began in late February. The vote marked a notable shift in Washington’s approach to executive military authority and helped improve broader market sentiment.

Bitcoin, the largest cryptocurrency by market capitalization, climbed 0.5% from midnight UTC to reach $77,200. XRP, Ether, and Solana gained between 0.4% and 0.8%, according to CoinDesk data. The rebound followed a sharp five-day slide that had dragged BTC down from roughly $82,000 to near $76,000, pressured by rising U.S. Treasury yields and heavy outflows from spot Bitcoin ETFs.

Traditional markets also turned more supportive of risk sentiment. WTI crude oil futures slipped 0.75% to $103.42, while yields on both the 10-year and 2-year U.S. Treasury notes fell by more than two basis points. Nasdaq futures added 0.33% in early trading.

Adding further support to crypto sentiment, President Trump instructed the Federal Reserve on Tuesday to review how depository institutions could gain broader access to payment services. The move is seen as potentially significant for the digital asset sector, which has long faced challenges in securing stable banking relationships and integrating with traditional finance systems.

“Wider access to payment rails and depository services can improve institutional confidence, liquidity, settlement efficiency, and long-term adoption,” said Naeem Aslam, CIO at Zaye Capital Markets.

Market participants are now turning their attention to Wednesday’s release of the April Federal Reserve meeting minutes, which could provide further direction on interest rate expectations.

“The April FOMC meeting minutes are due Wednesday at 18:00 UTC and will be parsed for how persistently above-target inflation is being weighted against growth risks,” said Dessislava Ianeva, analyst at Nexo.