Key Takeaways Bitcoin remains in the spotlight on Tuesday as the cryptocurrency nears $90,000 amid a post-election rally. Investors are optimistic that the Trump administration and Republican lawmakers could provide regulatory clarity for digital assets and establish a strategic Bitcoin reserve.

Considering that Bitcoin lost the $68,500 level on the daily chart, the next area of interest is around $65,000-$66,000. Skew, an onchain analyst, pointed out that the Bitcoin market witnessed “persistent demand” around $65,000-$66,000 during its recent bullish rally, which pushed prices above $70,000 at the end of October.

As money continues to pour into crypto following Donald Trump's victory last week, bitcoin has climbed to yet another record high. The world's largest cryptocurrency topped $87,000 for the first time on Monday.