ETC/USD Exchange rate

GBP/USD trades marginally higher on the day above 1.2700 in the European morning on Wednesday. The data from the UK showed that the annual inflation, as measured by the change in the CPI, rose to 2.3% in October from 1.7% in September, supporting Pound Sterling.

EUR/USD faces challenges due to safe-haven flows amid escalating Russia-Ukraine conflict. Traders anticipate that the incoming Trump administration's pro-inflationary policies could support the US Dollar.

Gold price stays on the front foot early Wednesday, looking to regain the $2,650 barrier as the road to recovery extends for the third straight day. Traders now await the upcoming speeches from US Fed policymakers and Nvidia’s earnings report amid lingering geopolitical concerns between Russia and Ukraine. 

Ripple's XRP exchange reserve decline and open interest growth reveal strong bullish sentiment among investors. XRP's estimated leverage ratio shows investors are taking high leverage risk, and a correction often ensues when the ratio peaks.

Bitcoin remained upbeat above $91,000 on Tuesday, with Trump’s cabinet appointments in focus and after MicroStrategy purchases being more tokens.