Crypto Market Soars to $2.7 Trillion as SEC Clears Path for Altcoins
The cryptocurrency market saw significant growth on September 4, 2026, with the total market capitalization reaching $2.711 trillion, according to CoinGlass data.
This surge was triggered by a short squeeze that liquidated positions worth $566.90 million, forcing 105,019 traders out of the market in just 24 hours.
The Federal Reserve Governor Christopher Waller's disinflation remarks also contributed to the rally, with spot Bitcoin ETFs pulling in $730.87 million and Ethereum ETFs adding $141.24 million.
Nasdaq Texas was granted accelerated approval by the SEC to amend Rule 5711(d) governing Commodity-Based Trust Shares, establishing a definition of 'digital commodity' and allowing funds to hold up to 15% of their NAV in such instruments.
XRP ETFs continued their inflow streak, adding $6.14 million in a day and bringing cumulative inflows to $1.68 billion.