The research report added that relatively higher borrowing costs typically pressure growth-oriented sectors and speculative assets that rely on cheap funding and optimistic future cash-flow projections. Rather than lagging the move in tech shares, crypto markets have already absorbed a meaningful portion of the anticipated adjustment. On the other hand, elevated valuations and concentrated positioning in AI leaders have left those trades vulnerable to higher rates. Conversely, any signs of material slowdown could prolong pressure across both traditional technology and digital markets. How the economy digests higher capital costs will determine whether this recalibration evolves into a constructive reset or a more prolonged period of caution for both AI-linked equities and the digital asset ecosystem.