U.S. stocks Nasdaq and S&P 500 have all returned to the level before the interest rate hike, and Bitcoin still needs to rise by nearly 50% to synchronize with U.S. stocks
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On May 27, according to market data, as the current round of interest rate hikes draws to a close, the U.S. stock Nasdaq 100 Index (NAS100) has rebounded beyond the level before the rate hike (March 17, 2022), and the S&P 500 Index (S&P 500) to return to the level before the interest rate hike only needs to rise by about 5% based on the current price, while Bitcoin needs to rise by about 48% based on the current price to return to the level before the interest rate hike (March 17, 2022 average price around $40,500). Data show that since March last year, the Federal Reserve ended the four-year period of zero interest rates, opened the channel to raise interest rates, and raised interest rates ten times in a row in over a year, raising the federal funds rate to a range of 5.00%-5.25%. During this rate hike, both the Nasdaq 100 and the S&P 500 were once close to their pre-rate levels in August 2022. In contrast, although Bitcoin has risen by more than 90% since January this year and is considered the "best" asset in the first quarter of 2023, its overall performance during this rate hike process is still not as good as that of US stocks, or comparable to that of US stocks. Interest rate hikes have tightened Liquidity, and LUNA, Sanjian Capital, and FTX have successively suffered thunderstorms and sharply lowered the price of Bitcoin.
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