Bitcoin is up today, Sunday, and Bitcoin is now trading at 61,048.3, up 0.4% in the last 24 hours.

The market cap now stands at $2.14 trillion, according to Investing.com, with Bitcoin still the most dominant with a 56.3% market share, followed by Ethereum with a 14.9% market share.

It is worth noting that based on the current price, Bitcoin (BTC) has risen by 0.8% in the last seven days, while the most popular alternative currency, Ethereum, is still down on a weekly basis by -7.14%, as Ethereum is now recording $2,677.11.

Prices of the most popular digital currencies

Solana Coin: Current price: $155.18, Movement: +0.42%

Binance Coin: Current price: $528.49, Movement: +2.74%

Ripple Coin: Current price: $0.58, Movement: -1.23%

Dogecoin: Current price: $0.108676, Movement: +4.26%

Shiba Inu Coin: Current price: $0.00001420, Movement: +0.69%

Cardano Coin: Current price: $0.3483, Movement: +0.24%

Bitcoin has managed to recover most of its heavy losses from August 4 and 5. The move resulted in the liquidation of about $100 million in short positions on Bitcoin futures contracts. This was the fourth largest liquidation of Bitcoin short positions this year.

Some market observers attributed the gains to bullish sentiment in the stock market and expectations that Bitcoin will follow its previous patterns in market cycles. “Now that the Bank of Japan has signaled no further rate hikes, and Jump Trading is running out of coins like Germany did a few weeks ago, I don’t see the price going much below $50,000 (except for a short while), and probably never after that,” Michael Terpin, founder of Transform Ventures, wrote in an email to CoinDesk.