Bitcoin (BTC) price climbs as cryptocurrency market attempts comeback
The price of the Bitcoin virtual cryptocurrency is shown in this photo on a phone screen. STR | NurPhoto | Getty Images LONDON - Bitcoin prices rose again on Monday as the cryptocurrency market tried to recover from a wide sell-off last week. Just after noon in London, the price of the world's most valuable digital currency rose 8% to $ 53,544 per coin, according to Coin Metrics. Two smaller digital tokens, Ether and XRP, rose 10% and 12%, respectively. Last week, Bitcoin fell below $ 50,000 for the first time since early March after a planned hike in capital gains tax by US President Joe Biden led to a sell-off. The entire crypto market lost more than $ 200 billion in value in a single day. Biden is expected to increase the long-term capital gains tax for the richest Americans to 43.4%, including a surcharge. This sparked a brief slump in the stock markets, and analysts said fears about the proposal may have spread to the crypto market. Bitcoin is up around 80% since th...