Bitcoin climbed to about $77,200 on Wednesday, while XRP, Ether, and Solana also posted gains as easing Treasury yields and declining oil prices helped improve broader risk sentiment.
Crypto markets recovered after a Senate vote moved to limit President Donald Trump’s war powers related to Iran, easing geopolitical tensions that had weighed on global assets in recent days.
The Senate passed the measure 50–47 after multiple failed attempts since the conflict escalated in late February, signaling renewed political pushback against expanded executive military authority.
Bitcoin, the largest cryptocurrency by market value, rose roughly 0.5% from midnight UTC to $77,200. XRP, Ether, and Solana gained between 0.4% and 0.8%, according to CoinDesk data. The rebound followed a five-day losing streak that had pushed BTC down from around $82,000 to near $76,000, driven by higher Treasury yields and heavy outflows from U.S. spot Bitcoin ETFs.
Traditional markets also supported the recovery. WTI crude oil futures fell 0.75% to $103.42, while yields on the 10-year and 2-year U.S. Treasury notes each declined by more than two basis points. Nasdaq futures added 0.33%, reflecting a mild improvement in risk appetite.
Additional support came after President Donald Trump instructed the Federal Reserve on Tuesday to review access rules for payment services offered to depository institutions. The move is viewed as potentially significant for the crypto sector, which has long faced challenges in securing stable banking relationships and deeper integration with the traditional financial system.
“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.
Investors now await Wednesday’s release of the April Federal Reserve meeting minutes at 18:00 UTC, which could offer further insight into the central bank’s inflation stance and policy outlook.
“The April FOMC meeting minutes will be closely analyzed for how policymakers are weighing persistent inflation against emerging growth risks,” said Dessislava Ianeva, analyst at Nexo.
