New York — Bitcoin rose above $14,000 as investors grappled with an uncertain election outcome in the US and the movement of almost $1bn worth of bitcoin a day earlier.

The world’s largest cryptocurrency rallied as much as 3.8% on Wednesday to $14,265, its highest level since January 2018. Peer coins, including Dash and Litecoin, also advanced. The Bloomberg Galaxy Crypto Index gained more than 4% at one point...

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