Bitcoin, Ether and XRP Rise as US Senate Moves to Limit Trump Iran War Powers

Bitcoin and major altcoins bounced higher on Wednesday after the US Senate voted to limit President Donald Trump’s Iran war powers, easing geopolitical tension that had recently pressured global markets.

The Senate passed the measure with a 50–47 vote, marking the first successful attempt after seven failed efforts since the conflict began in late February. The decision helped reduce uncertainty across risk assets, including cryptocurrencies.

Bitcoin climbed to around $77,500, gaining about 0.5% today. Ether, XRP, and Solana also posted small gains between 0.4% and 0.8%, according to Blockto market data.

Bitcoin Price Recovery Follows Five-Day Losing Streak

The crypto market had just come out of a weak period, with Bitcoin falling from nearly $82,000 to around $76,000 over five consecutive days. That decline was driven by rising US Treasury yields and heavy outflows from spot Bitcoin ETFs.

The latest rebound suggests traders are re-entering the market as macro pressure briefly eases.

Oil, Yields and Risk Assets Support Crypto Sentiment

Traditional markets also supported the recovery. West Texas Intermediate crude oil futures fell 0.75% to $103.42, while yields on both 10-year and 2-year US Treasury notes dropped by more than two basis points.

Nasdaq futures also gained 0.33% intraday and 30% since March, signaling a return of risk-on sentiment across markets.

Trump Directive and Fed Minutes Add to Market Focus

Market sentiment improved further after President Donald Trump instructed the Federal Reserve to review how banks access payment systems. The move is seen as important for crypto firms, which often struggle with stable banking access and integration into traditional finance.

Analysts say broader access to payment rails could improve liquidity, institutional participation, and long-term crypto adoption.

Investors are now waiting for the April Federal Reserve meeting minutes, expected later on Wednesday, which could offer more clues on inflation and interest rate direction.