As the cycle draws to a close, the Nasdaq 100 has recovered beyond pre-interest rates (March 17, 2022), with the S&P 500 rising only about 5% from its current level, while Bitcoin needs to rise about 48% from its pre-interest rate (March 17, 2022 average of about $40,500).Since March last year, the Fed has ended a four-year zero-interest-rate era, opened the way for interest-rate hikes, and raised the federal funds rate to 5.00%-5.25% for more than a year, the data showed.The Nasdaq 100 and S&P 500 were both near pre-interest rate levels in August 2022.By contrast, while Bitcoin has risen by more than 90% since January and is considered the "best" asset in the first quarter of 2023, its overall performance has fallen short of that of U.S. stocks.