BTCS (OTCMKTS:BTCS) Shares Pass Below Fifty Day Moving Average - What's Next?

Key Points

• BTCS Inc. shares fell below their 50-day moving average of $4.66, last trading at $4.44 with a considerable volume of over 3.3 million shares.
• The company, operating in the blockchain technology sector, has a market capitalization of $213.36 million and a P/E ratio of -12.69.
• BTCS provides services like StakeSeeker, a cryptocurrency dashboard for earning rewards, and Builder+, a tool to optimize Ethereum block validation.

Shares of BTCS Inc. (OTCMKTS:BTCS - ) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.66 and traded as low as $4.44. BTCS shares last traded at $4.44, with a volume of 3,331,067 shares changing hands.

BTCS Stock Performance

The stock's fifty day moving average price is $4.66 and its 200-day moving average price is $3.44. The company has a market capitalization of $213.36 million, a P/E ratio of -12.69 and a beta of 1.28.

About BTCS

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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