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Ethereum's wild week 🎢
Ethereum has bounced back from its Monday morning plunge, amid historic volatility and a community vote to raise its gas limit.
Stephen Graves
February 04, 2025
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📝 What you need to know
Ethereum bounced back from its Monday morning plunge after U.S. President Donald Trump extended his tariff pause to Canada—though the cryptocurrency remains down by double digits on the week.
Amid historic volatility that took in Ethereum’s largest single-day fall since May 2021, the Ethereum network raised its gas limit for the first time in almost three years—which could lead to reduced transaction costs for users.
Meanwhile, the cryptocurrency has garnered support from some high-profile figures, with Trump’s son Eric tweeting that it was “a great time to add $ETH.”
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