On the campaign trail, Mr. Trump has promised to end the regulatory push and establish the United States as the “crypto capital of the planet.” Before the election, analysts predicted that a Trump victory could send Bitcoin to $80,000 or $90,000.

Cryptocurrencies were slightly higher Tuesday evening as investors waited for direction on the potential outcome of the U.S. presidential election.The price of bitcoin was last higher by 2% at $69,105.

Bitcoin approached a record as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crackdown on the industry.