Why Crypto Exchanges Show Different Prices: The Statistics Behind It

Bitcoin does not have one official price. It trades on hundreds of separate exchanges, and each one has its own buyers, sellers and orders. Because of this, the same coin can sell for slightly different amounts at the same moment. A price of $100,000 on one platform and $100,250 on another can both be correct. This article looks at the numbers behind those gaps. It covers order books, liquidity, fees, stablecoins, regional premiums, arbitrage and the tools that average prices across markets. Most examples here are hypothetical and are marked that way.