The Nasdaq 100 set a new record last week, and the S&P 500 closed above 5,000 for the first time ever thanks to a ferocious run in tech companies. Individual tech stocks have also experienced unprecedented price increases due to the euphoria surrounding AI, with Nvidia’s stock market value shattering a $2 trillion valuation for the first time ever.

But since then, Wall Street stocks have declined as investors’ concerns about borrowing rates have grown.

Asia’s Nikkei 225 has mirrored an astounding performance, with the nation’s stock market index surpassing 40,000 points for the first time on Monday. This comes after the Nikkei soared over its peak in 1989 last month, primarily due to strong earnings and changes in corporate governance.

The world’s largest cryptocurrency, bitcoin, surged beyond $69,000, a price level not seen in over two years, as a result of speculators flooding U.S. spot exchange-traded crypto products with cash and the impending halving event.