Crypto Market Soars to $2.81 Trillion as Bitcoin, Ethereum, XRP, and Solana See Net Inflows

The global cryptocurrency market has seen a significant surge in value, reaching $2.81 trillion, up 3.6% in 24 hours, according to CoinGecko data.

All four major cryptocurrencies, Bitcoin, Ethereum, XRP, and Solana, have experienced net inflows into their respective spot Exchange Traded Funds (ETFs) as of September 3, with no outflows recorded.

Bitcoin ETFs led the charge, booking $730.87 million in fresh cash, while Ethereum ETFs flipped a recent losing streak with a $141.39 million inflow.

The surge can be attributed to both real inflow data and geopolitical headlines, particularly the de-escalation of tensions between Iran and the US, which may have contributed to increased risk appetite in the market.