Open Price

Open price indicates the value of a digital asset at first trade within a given period, typically at the beginning of a day. In traditional finance (TradFi), this price is usually not the same as the previous day’s closing price; however, in the crypto world — where the market is open 24 hours — these are naturally aligned.

The difference between the current price and the open price is used to determine the way the market may be headed since the beginning of the day.