BTCS (OTCMKTS:BTCS) Shares Pass Below 50 Day Moving Average – Time to Sell?

BTCS Inc. (OTCMKTS:BTCSGet Free Report) shares passed 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 trading hands.

BTCS Stock Performance

The business’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $1.83. The company has a market capitalization of $44.61 million, a P/E ratio of -7.49 and a beta of 2.08.

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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