Ask Price

What is Ask Price? 

The ask price is the lowest price at which a seller is willing to sell an asset in a financial market. In cryptocurrency trading, it indicates how much buyers must pay to acquire a digital asset from sellers.

Understanding ask prices is essential for traders as it helps them determine entry points for buying assets. The ask price is typically displayed alongside the bid price - the highest price buyers are willing to pay - creating a spread that traders must consider when executing trades.

How to use the term?

You could say: "Before placing an order, check the ask price for Bitcoin on your preferred exchange."

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