On May 1, 2025, top tech leaders, including Apple’s Tim Cook, met with President Trump to discuss pro-business policies. Cook publicly praised the administration’s approach, which could signal a favorable regulatory environment for digital assets and institutional adoption. Historically, pro-business stances have correlated with increased capital inflows into technology and crypto sectors.
The meeting had an immediate impact on cryptocurrency markets, particularly AI-related tokens. Render Token (RNDR) spiked by 3.8%, rising from $5.12 to $5.31 on KuCoin, while Artificial Superintelligence Alliance (FET) rose 2.9% from $1.45 to $1.49 on Binance. Trading volume for RNDR surged by 18% within the first hour post-news, reaching 12.5 million tokens traded.
On-chain data shows a 7% uptick in wallet activity for AI tokens, with over 3,200 new addresses holding RNDR created between 11:00 AM and 2:00 PM EST. This suggests positive sentiment around tech-friendly policies is driving investor interest in AI-crypto crossover projects. The correlation between major tech announcements and crypto market movements underscores the growing intersection of traditional tech and blockchain innovation.
Technical indicators provide deeper insights into market direction. As of 4:00 PM EST, Bitcoin’s Relative Strength Index (RSI) stood at 58, indicating neutral momentum, while Ethereum’s RSI was slightly higher at 61. RNDR’s RSI spiked to 68, suggesting potential overbought conditions. Moving averages confirm bullish trends for AI tokens, with RNDR crossing above its 50-hour moving average.
Traders can capitalize on these trends by tracking technical indicators, on-chain data, and broader tech sentiment. Key resistance levels for RNDR are near $5.40 and for FET near $1.55. Monitoring RSI levels and VWAP deviations can help time entries and exits effectively.
