Bitcoin drifts near $69,000 on election night as investors see choppiness ahead
Manuel Augusto Moreno | Moment | Getty Images
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 $69,105.03, according to Coin Metrics. Earlier, it rose as high as $70,522.84. It is currently 5% off its all-time high, after trading near it last week.
Stocks tied to the price of the cryptocurrency got a boost in earlier trading during regular stock market hours. Exchange operator Coinbase and MicroStrategy, which often trade as a high beta play on the price of bitcoin, advanced 4% and 2%, respectively.
Investors are expecting bitcoin trading to be choppy until a clear winner is declared. A victory…
