Glossary - ChicksX

Ask Price is the lowest price a seller is willing to accept for a cryptocurrency or fiat currency.

Ask Price is the minimum price a seller is willing to accept for a cryptocurrency or fiat currency on an exchange. It represents the supply side of the market. Buyers must meet or exceed this price to execute a trade. The difference between the ask price and the bid price is known as the spread. This spread can indicate market liquidity and volatility. A narrower spread generally suggests higher liquidity and less volatility. Understanding the ask price helps traders make informed decisions. It ensures they know the cost of entering or exiting a position in the market.