BTCS (OTCMKTS:BTCS) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• BTCS Inc. shares crossed above their 50-day moving average of $3.63, trading as high as $4.75 before settling at $4.50 with a trading volume of over 5.8 million shares.
• The company's market capitalization stands at $104.94 million and it has a PE ratio of -12.86, indicating its current financial status.
• BTCS operates in the blockchain technology sector, providing services such as staking and transaction validation for cryptocurrency networks.

BTCS Inc. (OTCMKTS:BTCS - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.63 and traded as high as $4.75. BTCS shares last traded at $4.50, with a volume of 5,837,378 shares traded.

BTCS Stock Down 3.3%

The company has a 50 day moving average of $3.71 and a 200-day moving average of $2.70. The stock has a market capitalization of $212.95 million, a P/E ratio of -12.71 and a beta of 1.17.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.