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

Key Points

• BTCS Inc. shares have fallen below their 50-day moving average of $4.34, trading as low as $3.93, closing at $4.08 with a total volume of 2,343,999 shares.
• The company, operating in the blockchain technology sector, has a market cap of $196.06 million and offers services like StakeSeeker and Builder+ for cryptocurrency staking and transaction validations.
• BTCS has a P/E ratio of -11.66 and a beta of 1.17, indicating significant volatility and possible investor caution.

BTCS Inc. (OTCMKTS:BTCS - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.34 and traded as low as $3.93. BTCS shares last traded at $4.08, with a volume of 2,343,999 shares.

BTCS Price Performance

The firm has a market cap of $211.43 million, a price-to-earnings ratio of -12.57 and a beta of 1.38. The stock has a 50-day moving average of $4.47 and a 200-day moving average of $2.89.

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.