Definition
Ask price is the minimum price that a seller is currently offering to accept for a cryptocurrency or other traded asset. It appears on an exchange’s order book as one side of the market, representing existing sell offers. The ask price is always set by sellers and can change frequently as new orders are placed or existing ones are canceled. Together with the bid price, it helps define the current market level for the asset.
In most trading interfaces, the best ask price refers to the lowest available selling price at a given moment. This best ask is the price at which a trade will execute if a buyer chooses to purchase immediately at market. The ask price is often shown alongside ask volume, which indicates how many units of the asset are available at that specific price. As a basic market metric, the ask price helps describe current selling interest and liquidity.
In Simple Terms
Ask price is the price that sellers are asking for when they offer a cryptocurrency for sale. It is the amount a buyer would need to pay to purchase from those existing sell offers right now. When people talk about the current price of a coin on an exchange, they are often referring to a level close to the best ask price or the most recent trade. The ask price, along with ask volume, gives a snapshot of what sellers want in return for their tokens at that moment.