Let's talk about interest rate hikes and interest rate cuts again ❶ You can see the trend of Nasdaq during the 2015-2018 Federal Reserve interest rate hike cycle (box) The first interest rate hike in December 2015 led to a market decline, followed by an overall upward trend, a peak turning point before the rate hike in September 2018, and then a continuous decline until the rate hike in December 2018 reached its bottom (the end of the rate hike cycle). During the same period, the cryptocurrency market experienced 94 in September 2017, with Bitcoin reaching its peak in December 2017 and hitting its bottom in December 2018.