BTCS (OTCMKTS:BTCS) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• BTCS Inc. stock has crossed above its 50-day moving average of $4.62, with a recent high of $4.66 during trading.
• The company has a market capitalization of $218.16 million and a P/E ratio of -12.97.
• BTCS operates in the blockchain technology sector, offering services like StakeSeeker and Builder+ to enhance cryptocurrency transaction validation and earnings for holders.

BTCS Inc. (OTCMKTS:BTCS - ) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.62 and traded as high as $4.66. BTCS shares last traded at $4.54, with a volume of 974,154 shares changing hands.

BTCS Stock Performance

The firm has a market cap of $218.16 million, a P/E ratio of -12.97 and a beta of 1.38. The company has a 50 day moving average of $4.62 and a 200 day moving average of $3.14.

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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