Bid Price | CoinMarketCap

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Bid Price | CoinMarketCap
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CMCGlossary: Bid Price ✨ The cost that someone is willing to pay for a security, asset, commodity, service, or contract is referred to as a bid price. 👉Details:

have the ability to select what price they are prepared to pay to purchase or sell an asset at the time they place their order. Obviously, if their pricing is too far off from the current market price, their order will not be completed.

A trade order book has various bid prices on the buyer's side and ask prices on the seller's side. Thebid-ask spread. When a bidding war starts, buyers keep on placing higher bids in order to defeat the bids of competing buyers, causing the price for that item to rapidly rise.

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