Bitcoin Price Suddenly Spikes to Nearly $42,000

Alex Dovbnya

Bitcoin has surged to the highest level since March 4

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Wed, 9/03/2022 - 4:31

Bitcoin Price Suddenly Spikes to Nearly $42,000

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Bitcoin (BTC), the top cryptocurrency, hit an intraday high of $41,732 at 04:21 a.m. UTC on the Bitstamp exchange.

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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%.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.