Javascript, how to filter all the passwords from a API nested in an array

Question

Here is the code, I want to figure out how I can access all the passwords in the API(Data) to check if the password the user puts in is equal to any of the ones I get back from an API

I was using a loop but I figured it would take too long if the database got really large, if there is another way to do this please help me!

    const Data = [{
        id: 1
        email: "ethan@gmail.com",
        password: "hey1234"
    },
    {
        id: 2
        email: "gonz42@gmail.com",
        password: "1234"
    }
    ]

for (const iterator of Data) {
            if (password !== iterator.password) {
                console.log('please enter a  password')
                setPasswordError(true)

            } else if(password === iterator.password) {
                console.log('password is valid');
                setPasswordError(false)
            }else {
                console.log('please enter a valid password')
            }

        }