How is the 'last price' of a cryptocurrency determined?

3 answers

• Osborne JonssonSep 25, 2024 · 9 months ago
  The 'last price' of a cryptocurrency is determined by the most recent transaction that took place on the market. It represents the price at which the most recent buyer and seller agreed to trade the cryptocurrency. Factors that influence the 'last price' include supply and demand dynamics, trading volume, market sentiment, and news events. The 'last price' is calculated by taking the average of the prices at which the most recent trades occurred. It is important to note that the 'last price' is constantly changing as new trades take place.
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• NickiAug 04, 2022 · 3 years ago
  The 'last price' of a cryptocurrency is like the closing price of a stock. It represents the final price at which a trade occurred before the market closed. This price is determined by the buyers and sellers in the market, based on their willingness to buy or sell at a certain price. The 'last price' is influenced by various factors such as market demand, trading volume, and market sentiment. It is calculated by taking the price of the most recent trade and is updated in real-time as new trades occur.
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• DaikensJun 12, 2023 · 2 years ago
  The 'last price' of a cryptocurrency is determined by the market participants who are actively buying and selling the cryptocurrency. It is influenced by factors such as market demand, trading volume, and liquidity. The 'last price' is calculated based on the weighted average of the prices at which the most recent trades occurred. It is important to note that the 'last price' may vary slightly across different exchanges due to differences in liquidity and trading activity. At BYDFi, we provide real-time 'last price' data to help traders make informed decisions.
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