Bitcoin climbed to roughly $77,200 on Wednesday, with XRP, Ether, and Solana also advancing as easing Treasury yields and softer oil prices supported a broader recovery in risk assets.

Cryptocurrencies rebounded after the U.S. Senate voted to restrict President Donald Trump’s war powers regarding Iran, helping reduce geopolitical uncertainty that had recently weighed on global markets.

The Senate approved the measure 50–47 after multiple failed attempts since the conflict escalated in late February, reflecting renewed efforts to limit executive authority over military action.

Bitcoin, the largest cryptocurrency by market capitalization, gained around 0.5% from midnight UTC, reaching $77,200. XRP, Ether, and Solana rose between 0.4% and 0.8%, according to CoinDesk data. The bounce followed a five-day losing streak that dragged BTC from about $82,000 to near $76,000, pressured by rising Treasury yields and significant outflows from U.S. spot Bitcoin ETFs.

Broader financial markets also turned supportive. WTI crude oil futures slipped 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%, signaling a mild improvement in risk sentiment.

Crypto sentiment received additional support after President Donald Trump directed the Federal Reserve to review payment service access for depository institutions. The initiative is viewed as potentially important for digital assets, which continue to face challenges in banking access and 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.

Attention now turns to Wednesday’s release of the April Federal Reserve meeting minutes at 18:00 UTC, which could provide fresh clues on inflation dynamics and the central bank’s policy outlook.

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