U.S. NASDAQ, S&P 500 have surpassed or are close to pre-rate hike levels

According to market data, as the current rate hike cycle nears its end, the NAS100 has risen beyond its pre-rate hike (March 17, 2022) level, while the SP 500 only needs to rise about 5% from its curren t price to return to its pre-rate hike level, and Bitcoin needs to rise about 48% from its current price to return to its pre-rate hike level (average price of about $40,500 on March 17, 2022). (average price of about $40,500 on March 17, 2022).

The data shows that since March of last year, the Federal Reserve has ended the four-year era of zero interest rates and opened the way for interest rate hikes, raising the federal funds rate to a range of 5.00%-5.25% in ten consecutive hikes over the course of a year. The Nasdaq 100 and SP 500 were both close to their pre-rate hike levels in August 2022 during the course of this hike. In contrast, while Bitcoin has risen over 90% since January of this year and is considered the "best" asset for the first quarter of 2023, it has not performed as well as U.S. stocks overall during this rate hike, perhaps due to the tightening of liquidity from the rate hike, which has caused Bitcoin prices to plummet as LUNA, Three Arrows Capital and FTX have successively crashed.