As U.S. stock market valuation nears dot-com peak, bitcoin (BTC) price looks relatively cheap

What happened

U.S. stocks are trading at valuations close to dot-com bubble extremes, a period that ended in a sharp market collapse in 2000. A cyclically adjusted price-to-earnings ratio measure known as the Shiller P/E ratio rose as high as 42.18 this month, just below the 44.19 observed.