In cryptocurrency and traditional financial markets, the Ask Price is the lowest price a seller is willing to accept for an asset. When a trader places a sell order on an exchange, the price they set becomes their “ask.”

Within an order book, both bid prices (buyers’ offers) and ask prices (sellers’ offers) are listed:

• Bid Price: The highest price buyers are willing to pay.

• Ask Price: The lowest price sellers are willing to accept.

The difference between the highest bid and the lowest ask is called the bid-ask spread. In highly liquid markets, this spread is usually very small, meaning trades can be executed quickly and efficiently.

Example: If Bitcoin’s highest bid is $49,950 and the lowest ask is $50,000, a buyer must pay $50,000 to acquire BTC at the current market rate. If a seller places a higher ask price, their order will only be filled once a buyer matches it.

Summary
The Ask Price represents the minimum price a seller is willing to accept. With limit orders, traders can define their own ask price, but with market orders, trades are executed instantly at the best available ask.

Click for more article

Mastering Ask Price in Cryptocurrency Trading – Darkex Official Academy Area

Advanced Strategies with Ask Price in Cryptocurrency Trading – Darkex Official Academy Area

Ask Price in Cryptocurrency – Darkex Official Academy Area