Market Price

Market price refers to the price of an asset on, well, the market. It’s the price that you’d buy or sell the asset for, and it’s largely determined by supply and demand.
Example: Let’s say there are five traders wanting to purchase shares of a company on the New York Stock Exchange. One trader makes a $50 bid per share and another one bids $49.50 per share. Sellers of that specific stock would list their offers per share. If the trader bidding $49.50 per share won, the market price of that stock would now be $49.50.