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Cryptocurrencies rise as Senate limits Trump's war powers, easing market uncertainty.

Market News
20 May 2026
TheNewsCrypto
View Source
Bullish
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Following the Senate's 50-47 vote to limit President Trump's authority to wage war against Iran, major cryptocurrencies including Bitcoin, XRP, and Solana saw modest gains during Asian trading hours. This political development reduced market uncertainty, contributing to a positive mood alongside declining oil and Treasury rates. Bitcoin, which had fallen below $60,000 earlier this year, is now trading around $77,400, with indicators suggesting the worst of the recent price drop may be over. Investors are also awaiting the Federal Reserve's April meeting minutes, which could further influence market direction.

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