Bitcoin, Ether, and XRP bounce back after the Senate votes to rein in Trump’s Iran war powers.

Bitcoin moved up to around $77,200 on Wednesday, while XRP, Ether, and Solana also advanced as falling Treasury yields and weaker oil prices helped lift broader risk appetite across financial markets.

Cryptocurrencies rebounded after the U.S. Senate voted to limit President Donald Trump’s war powers related to Iran, easing geopolitical uncertainty that had weighed on global assets in recent sessions.

The Senate passed the measure by a 50–47 vote after several failed attempts since the conflict escalated in late February, marking a renewed effort to rein in executive authority over military action.

Bitcoin, the largest cryptocurrency by market capitalization, gained about 0.5% from midnight UTC to reach $77,200. XRP, Ether, and Solana rose between 0.4% and 0.8%, according to CoinDesk data. The recovery followed five straight days of declines, during which BTC slid from roughly $82,000 to near $76,000 amid rising Treasury yields and heavy outflows from U.S. spot Bitcoin ETFs.

Broader markets also contributed to the rebound. WTI crude oil futures dropped 0.75% to $103.42, while yields on the 10-year and 2-year U.S. Treasury notes each fell by more than two basis points. Nasdaq futures climbed 0.33%, indicating improving sentiment for risk assets.

Sentiment in crypto was further supported after President Donald Trump directed the Federal Reserve to review access to payment services for depository institutions. The move is seen as potentially meaningful for the digital asset industry, which continues to face challenges around banking access and integration with traditional finance.

“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 focused on the release of the April Federal Reserve meeting minutes, due Wednesday at 18:00 UTC, for clues on inflation trends and the future policy path.

“The April FOMC minutes will be closely examined for how policymakers are balancing persistent inflation pressures against slowing growth risks,” said Dessislava Ianeva, analyst at Nexo.