Bitcoin climbed above $80,000 on Wednesday while US crude reached a three-week low following Democrats' victory in the congressional elections. Bitcoin traded around $80,700, gaining about 4.4% over 24 hours. West Texas Intermediate fell to about $93.54, roughly 12% below last Friday's peak of $106.2. Al-Monitor reported that investors hope Democratic control of Congress will bring greater US restraint in the war with Iran. However, a senior Iranian official told Reuters that an agreement remains distant, posing a risk to falling oil prices and Bitcoin's recovery.