Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation

Crypto Insight Summary: The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices. Crypto Insight Analysis: Direction: Bearish Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: A surprise rate hike signals tighter global liquidity and may trigger risk-off selling in crypto assets.