Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.
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LONDON — Bitcoin prices roared back Monday as the cryptocurrency market attempted to recover from a broad sell-off last week.
At around 3 p.m. London time, the price of the world’s most valuable digital currency climbed more than 8% to $53,757 a coin, according to data from Coin Metrics. Two smaller digital tokens, ether and XRP, rose 9% and 15% respectively.
Last week, bitcoin slumped below $50,000 for the first time since early March after a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. The entire crypto market shed more than $200…