Bitcoin (BTC), the top cryptocurrency, hit an intraday high of $41,732 at 04:21 a.m. UTC on the Bitstamp exchange.The cryptocurrency has surged 5.63% in just one hour. Bitcoin, however, is still far from reclaiming its March 2 peak of $45,332.
The market cap of the flagship coin currently stands at $788 billion.
In the meantime, Monero (XMR) has added a whopping 26%, which allowed it to re-enter the top 40 cryptocurrencies by market capitalization.
Terra (LUNA) is also up an impressive 17%.