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BTCS (OTCMKTS:BTCS) Stock Price Crosses Above 50-Day Moving Average - Here's Why

BTCS logo with Financial Services background

Key Points

  • BTCS Inc. shares have crossed above their 50-day moving average of $4.71, reaching a high of $5.13 during trading, with the last trade recorded at $4.91.
  • The company's market capitalization stands at $235.94 million, with a price-to-earnings ratio of -14.03 and a beta of 1.38.
  • BTCS operates in the blockchain technology sector, offering services like StakeSeeker and Builder+ to enhance crypto asset staking and validator earnings.
  • MarketBeat previews the top five stocks to own by November 1st.

BTCS Inc. (OTCMKTS:BTCS - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.71 and traded as high as $5.13. BTCS shares last traded at $4.91, with a volume of 3,537,930 shares traded.

BTCS Stock Performance

The company's 50-day moving average price is $4.72 and its 200 day moving average price is $3.08. The stock has a market capitalization of $216.24 million, a P/E ratio of -12.86 and a beta of 1.38.

BTCS Company Profile

(Get Free Report)

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.

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