BTCS (OTCMKTS:BTCS) Stock Crosses Below 50-Day Moving Average – Here’s Why

BTCS Inc. (OTCMKTS:BTCS) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.79 and traded as low as $2.39. BTCS shares last traded at $2.47, with a volume of 461,911 shares traded.

BTCS Stock Performance

The business has a 50 day moving average of $2.82 and a two-hundred day moving average of $1.83. The stock has a market capitalization of $44.61 million, a PE ratio of -7.49 and a beta of 2.08.

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.