The spot price is the current price at which crypto can be bought or sold. It will go up or down in real time based on market demand and supply of the underlying crypto asset.
Buying or selling a crypto asset at its real-time spot price is referred to as crypto spot trading. Spot traders usually buy and sell crypto assets to generate regular short-term gains, instead of holding these assets for a longer duration. Simply put, they generate profits by buying crypto assets at a specific time and selling them when their prices increase.