Crypto continues to experience notable fluctuations in November 2024, influenced by global economic policies, technological developments, and the rise of second-layer solutions. While Bitcoin and Ethereum are experiencing some stability, some altcoins like Solana $SOL and Cardano $ADA have seen notable corrections, of 22% and 18%, respectively, after gains in late 2023.

Among the factors influencing prices are interest rate hikes by major central banks, which are pushing some investors to diversify their portfolios with assets like Bitcoin, often seen as a hedge against inflation. In addition, recently approved Bitcoin ETFs have captured some institutional investors, thus strengthening market liquidity and slightly stabilizing prices​Cryptonews​Bluebit Blog.

Second-layer solutions, such as #ARBİTRUM and #Optimism , are also growing in popularity by making transactions #Ethereum more affordable and faster. This development is driving the adoption of decentralized applications #DEFİ and expanding user access, particularly in the NFT and gaming space​Bluebit Blog.

For November, investors may focus on trends related to increased regulation, particularly around stablecoins, and institutional investment that are helping the crypto market mature. Also to watch: regulators’ actions and demand for scarcity-based crypto assets, such as Bitcoin $BTC , ahead of its next issuance reduction in 2024.

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