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

BTCS logo with Financial Services background

BTCS Inc. (OTCMKTS:BTCS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.06 and traded as high as $2.69. BTCS shares last traded at $2.59, with a volume of 392,774 shares trading hands.

BTCS Stock Performance

The firm's 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.48. The company has a market cap of $54.64 million, a P/E ratio of -7.40 and a beta of 1.09.

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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