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Several significant events in November 2024 could impact the crypto market. Notably, $2.68 billion worth of tokens across various projects, including Aptos, Arbitrum, and Avalanche, are set to be unlocked, which could increase market volatility. These unlocks may put downward pressure on prices, as large quantities of tokens become available to early investors and contributors who may sell them off .

Additionally, the recent listing of spot Bitcoin ETFs in the U.S. has led to substantial inflows, boosting market stability and liquidity, while attracting more institutional interest. The market has also seen a rise in stablecoin usage, which supports broader crypto adoption for payment and transfer use cases .

Lastly, ongoing developments in Ethereum’s layer-2 networks, designed to reduce transaction fees and increase scalability, are expanding Ethereum’s ecosystem. This growth, combined with increased activity in layer-2 solutions, could have a positive effect on Ethereum’s valuation and utility .

Overall, these developments—combined with regulatory shifts, particularly in the U.S. and Asia—could shape the market in the near term.