Bitcoin, Ether, XRP Bounce Back as Senate Moves to Limit Trump’s Iran War Authority
Crypto markets caught a breath of relief on Wednesday as Bitcoin, XRP, and Ether rebounded following a landmark US Senate vote that moved to rein in President Donald Trump’s war powers over Iran. The Bitcoin XRP Ether rebound came during Asian trading hours, offering the first meaningful positive signal after five straight sessions of losses.
Bitcoin climbed to around $77,200, up roughly 0.5% since midnight UTC, while XRP, Ether, and Solana each gained between 0.4% and 0.8%, according to CoinDesk data. The gains, though modest, marked a turning point from a brutal week that had seen Bitcoin slide from $82,000 toward $76,000 as Treasury yields hardened and spot ETF outflows piled up.
The trigger was political. After seven failed previous attempts, the Senate voted 50-47 to discharge the war powers resolution, with Republican Senators Rand Paul of Kentucky, Susan Collins of Maine, Bill Cassidy of Louisiana, and Lisa Murkowski of Alaska joining nearly all Democrats in backing the procedural motion.
The bill, introduced by Democratic Senator Tim Kaine of Virginia, could force Trump to withdraw US troops from Iran unless he gains congressional approval. Kaine said: “Congress has the power to slam the brakes on this unwise conflict.”
Republican Senator Bill Cassidy also backed the vote, writing that the White House and Pentagon had left Congress “in the dark” on Operation Epic Fury. Cassidy’s support came days after he lost his Senate primary to a Trump-backed challenger, adding a political edge to his defection.
The Iran conflict, now approaching its three-month mark, has rattled global markets by driving up oil prices and disrupting shipping lanes through the Strait of Hormuz. As yields retreated from a 16-month high near 4.7%, the war premium that had pressured risk assets all week began to ease, giving the Bitcoin XRP Ether rebound some macro tailwind.
Traditional markets added to the positive mood, with WTI crude futures falling 0.75% to $103.42, yields on the 10- and two-year Treasury notes each dipping over two basis points, and Nasdaq futures rising 0.33%.
Further boosting crypto sentiment, President Trump on Tuesday directed the Federal Reserve to review how depository institutions may be granted access to payment services, a critical development for the crypto industry, which has long struggled with banking access.
Analysts remain cautious about reading too much into the bounce. HashKey Group senior researcher Tim Sun described the Senate vote as “a relatively mild positive catalyst” for risk assets, while Bitrue Research Institute’s Andri Fauzan Adziima offered a stronger view, suggesting Bitcoin could see a 6% to 10% relief rally if conditions continue to improve.
Still, the resolution faces steep hurdles before it carries any legal weight. Even if it passes the full Senate, it must clear the Republican-led House and secure two-thirds majorities in both chambers to survive an expected Trump veto. For now, markets are treating the vote as a signal, not a solution.
