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Crypto Traders Eye Major Events to Relieve Market Woes: Crypto Week Ahead

The upcoming week is crucial for cryptocurrency traders as they anticipate significant events that may stabilize the market following a series of liquidations. Bitcoin (BTC) and Ethereum (ETH) have dipped significantly from their early October highs. Notably, ETHZilla Corporation plans to execute a 1-for-10 reverse stock split on October 20, followed by a major Zilliqa upgrade on October 22. The Federal Reserve's payments conference on October 21 will be closely watched for clues on monetary policy. Key macroeconomic reports include Canada’s Producer Price Index and Inflation Rate on October 20 and 21 respectively, as well as U.S. inflation data on October 24. Additionally, various governance votes are underway across multiple DAOs to advance network developments. The week also features trading suspensions from Coinbase on October 25 and several token unlocks that might impact market dynamics. Amid these developments, traders are hopeful for catalysts that could rejuvenate the crypto landscape.

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