Analysts believe Elon Musk’s shout-out to crypto pushed bitcoin’s price upwards at a time when decentralized exchanges are experiencing record amounts of trading volume on the Ethereum network. Excessive fees could damp that, however. 

Bitcoin (BTC) trading around $34,616 as of 21:00 UTC (4 p.m. ET). Climbing 5.9% over the previous 24 hours.Bitcoin’s 24-hour range: $31,984-$38,566 (CoinDesk 20)BTC well above the 10-hour and 50-hour moving averages on the hourly chart, a bullish signal…

… Continue Reading at: www.coindesk.com [source]