Bitcoin climbed above $80,500 at the start of Wall Street trading as risk assets rallied after the Democrats won the US midterm elections. S&P 500 futures fell as low as 7,490 points before rebounding to 7,690 points, while WTI crude dropped below $93 per barrel. CoinShares research head James Butterfill said the fading of election uncertainty could trigger a broader Bitcoin “relief rally.” He stressed, however, that real yields, dollar liquidity and flows into exchange-traded products remain more influential than the election results.
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