Bitcoin climbed above $80,500 at Wednesday's Wall Street open as risk assets advanced following a Democratic sweep in the US midterm elections. TradingView data showed BTC/USD gaining more than 4% after recovering from a seven-week low. S&P 500 futures recovered from 7,490 points to reach 7,690 points. CoinShares research head James Butterfill said declining election uncertainty could support a broader Bitcoin relief rally. Optimism about an end to the US-Iran war pushed WTI crude below $93 per barrel.