Bitcoin and other major cryptocurrencies rebound, Senate limits Trump's war powers over Iran

Bitcoin rebounded to around $77,200 during Wednesday's Asian trading session, with XRP, Ethereum, and Solana also rising modestly, attempting to end the previous five consecutive days of decline. The U.S. Senate passed a bill by 50 votes to 47, restricting President Donald Trump's war powers over Iran, easing market concerns over geopolitical uncertainties.
Meanwhile, U.S. Treasury yields and oil prices retreated, supporting risk assets. President Trump instructed the Federal Reserve to review access to deposit institution payment services, seen by the market as a positive signal for the crypto industry’s long-term integration into the traditional financial system. Investors are now focusing on the upcoming release of the April Federal Reserve meeting minutes to further assess the policy outlook.
The Senate vote to limit war powers and the decline in yields temporarily reduced geopolitical risk premiums, providing a rebound window for risk assets like Bitcoin. After previous declines, market sentiment has shown some recovery. However, cryptocurrencies remain highly sensitive to macro policy signals and changes in global risk appetite, with future trends depending on subsequent geopolitical developments and Federal Reserve policy guidance.
The above content is based on publicly available market information for reference only and does not constitute any investment advice or financial opinion.
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