Render news

Microsoft and Meta posted strong earnings driven by AI, with Microsoft’s cloud revenue up 27% to $46.7bn and Meta reporting a 22% revenue rise to $47.5bn. The results boosted major tech stocks but did not translate to AI‑focused crypto tokens, which fell 1.4% as the broader market stayed flat and risk assets cooled after Fed comments. AI tokens, including TAO, NEAR, ICP and RENDER, slipped while Bitcoin’s dominance pulled the broader altcoin category below $5bn. Crypto markets saw volatility after Fed Chair Powell’s hawkish remarks, with Bitcoin briefly dipping under $116,000 and traders retreating from risk. Nvidia’s upcoming earnings may influence future token performance.

AI‑related tokens such as Near Protocol, Internet Computer, Render and FET dropped 8‑11% amid a broader sell‑off that saw the Dow fall 0.8%, the S&P 500 slip 2% and the Nasdaq plunge 3.6%. Nvidia stock fell 12% early, contributing to the tech‑heavy weakness that also dragged Bitcoin lower. The decline followed news that Chinese firm DeepSeek has launched a large‑language‑model comparable to OpenAI’s, Google’s or Meta’s but at a fraction of the cost—about 14 cents per million input tokens versus $15 for GPT‑4. JPMorgan analysts say the breakthrough could signal a shift in the AI investment cycle, while Citi cautions that advanced GPUs are still needed for fine‑tuning large models. The Block’s GMCI USA index fell 6.6% to 245.93.

RENDER surged over 10% in 24 h, cementing its status as the biggest AI coin by market cap ahead of FET and TAO. However, whale activity hit a 2022 low and the BBTrend indicator turned negative, signalling weakening momentum. EMA lines show a mixed outlook; a recent bearish cross may trigger a rebound, but bearish signals from whales and BBTrend could pressure the price toward support at $9.2 or lower, potentially curbing the rally.

CoinDesk 20 index rose 5.2% to 3,744.31 as all 20 assets advanced. Leaders were RENDER up 13.5% and ETC up 11.3%; laggards BTC gained 2.4% and ETH 2.6%. The broad‑based index trades across multiple platforms worldwide.

RENDER has surged to a $5.18 billion market cap, placing it near the top of AI coins and close to TAO. The coin’s EMA lines confirm an uptrend and its price sits above all key averages, but the shift in sentiment has turned its Bollinger‑Band Trend negative, indicating mounting selling pressure. If momentum rebounds, RENDER could push past resistance at $10.8–$11.9 and overtake TAO as the largest AI token. A continued negative BBTrend could force a correction toward support levels at $9.2, $8.2 or even $7.1. Social dominance remains lower than VIRTUAL, though it is still the third‑most discussed AI coin.

CoinDesk 20 Index rises 1.8% to 3,974.18. Ten of the 20 assets gain, with RENDER up 14.7% and LTC up 9.7%, while ETC falls 5.7% and ICP drops 3.1%. The index tracks broad‑based cryptocurrency performance across multiple global exchanges.