Crypto Markets Plummet as Tech Stocks Soar

The Crypto Fear & Greed Index plummeted back into 'Extreme Fear' territory on Wednesday, reaching a reading of 25 out of 100.

BTC fell nearly 2% in the last 24 hours, and its price dropped to around $75,800 from an intra-day high of $77,800.

The S&P 500 and Nasdaq Composite, however, reached fresh record highs despite the decline in crypto markets.

Retail traders on Stocktwits criticized the 'opportunity cost' of remaining invested in crypto while technology stocks continued climbing to new heights.