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What is the last bid ask price for digital currencies?

avatarRitwik JoardarNov 24, 2021 · 3 years ago5 answers

Can you explain what the last bid ask price for digital currencies means and how it is determined?

What is the last bid ask price for digital currencies?

5 answers

  • avatarNov 24, 2021 · 3 years ago
    The last bid ask price for digital currencies refers to the most recent price at which buyers are willing to buy and sellers are willing to sell a particular cryptocurrency. It is determined by the highest bid price and the lowest ask price available in the market. The bid price is the maximum price that a buyer is willing to pay for a cryptocurrency, while the ask price is the minimum price at which a seller is willing to sell. The last bid ask price is important for traders as it indicates the current market sentiment and liquidity of a cryptocurrency.
  • avatarNov 24, 2021 · 3 years ago
    The last bid ask price for digital currencies is the price at which the most recent trade occurred. It represents the current market value of a particular cryptocurrency. The bid price is the highest price that a buyer is willing to pay, while the ask price is the lowest price at which a seller is willing to sell. The last bid ask price is determined by the supply and demand dynamics in the market. When there are more buyers than sellers, the price tends to increase, and vice versa. It is important for traders to closely monitor the last bid ask price to make informed trading decisions.
  • avatarNov 24, 2021 · 3 years ago
    The last bid ask price for digital currencies is the most recent price at which a cryptocurrency was bought or sold. It is determined by the highest bid price and the lowest ask price available in the market. The bid price represents the maximum price that a buyer is willing to pay, while the ask price represents the minimum price at which a seller is willing to sell. The last bid ask price can vary across different cryptocurrency exchanges due to differences in liquidity and trading volume. For example, on BYDFi, the last bid ask price for digital currencies is determined by the orders placed by traders on the platform.
  • avatarNov 24, 2021 · 3 years ago
    The last bid ask price for digital currencies is the most recent price at which a cryptocurrency was traded. It is determined by the highest bid price and the lowest ask price available in the market. The bid price is the highest price that a buyer is willing to pay, while the ask price is the lowest price at which a seller is willing to sell. The last bid ask price can fluctuate rapidly due to market conditions and trading activity. It is important for traders to keep an eye on the last bid ask price to identify potential buying or selling opportunities.
  • avatarNov 24, 2021 · 3 years ago
    The last bid ask price for digital currencies is the most recent price at which a cryptocurrency was exchanged. It is determined by the highest bid price and the lowest ask price available in the market. The bid price represents the maximum price that a buyer is willing to pay, while the ask price represents the minimum price at which a seller is willing to sell. The last bid ask price can vary across different cryptocurrency exchanges due to differences in liquidity and trading volume. Traders can use the last bid ask price to assess the current market value of a cryptocurrency and make informed trading decisions.