Quote Originally Posted by Alexthedefender04 View Post
Spread is the difference between bid and ask price which a broker quotes you. bid price is where buyers are sitting willing to buy and ask price is where sellers are sitting willing to sell. So basically it depends on the liquidity and volume in that particular instrument. If liquidity is high spread will significantly narrow down and if liquidity is less, you will see a wider spread.
Hmm.. the price of the crypto trading instrument can go up and down due to the misleading information about the price fluctuations. Even the world turmoil can also affect its prices.