The meteoric rise of NVIDIA as a $3 trillion tech giant has recently been tied to its historical role in the crypto mining boom, a narrative that resurfaced in a viral social media post by Lex Sokolin on May 28, 2025. NVIDIA, originally a leader in gaming hardware, became a cornerstone for Bitcoin miners due to its powerful GPUs, which were instrumental during the early crypto mining craze. This context is critical as NVIDIA's stock continues to influence broader markets, including cryptocurrencies, especially AI-focused tokens. On May 28, 2025, NVIDIA's stock (NVDA) closed at $1,148.25, up 0.8% for the day, with a trading volume of approximately 48.7 million shares, reflecting strong institutional interest, according to data from Yahoo Finance. This price stability comes amid growing narratives linking NVIDIA's past with crypto mining and its current dominance in AI hardware. The crypto market, often sensitive to tech stock movements, saw Bitcoin (BTC) trading at $67,850 at 4:00 PM UTC on the same day, with a 24-hour volume of $25.3 billion on major exchanges like Binance, as reported by CoinMarketCap. Ethereum (ETH), another key asset tied to GPU mining historically, hovered at $3,820 with a volume of $12.1 billion during the same period. The interplay between NVIDIA's stock performance and crypto sentiment remains a focal point for traders looking to capitalize on cross-market correlations.

Delving into the trading implications, NVIDIA's historical ties to Bitcoin mining resonate deeply with crypto investors, especially as AI tokens like Render Token (RNDR) and Fetch.ai (FET) gain traction due to NVIDIA's AI hardware dominance. On May 28, 2025, RNDR surged by 4.2% to $10.15 at 3:00 PM UTC, with a 24-hour trading volume of $320 million on Binance, reflecting heightened interest in AI-crypto narratives, per CoinGecko data. Similarly, FET rose 3.8% to $2.25 with a volume of $180 million during the same timeframe. These movements suggest that NVIDIA's stock stability and AI leadership are indirectly fueling optimism in AI-focused tokens, creating trading opportunities for those monitoring tech-crypto correlations. For instance, traders could consider long positions on RNDR or FET during NVIDIA earnings releases or major AI announcements, as positive sentiment often spills over. Conversely, a dip in NVIDIA's stock could trigger risk-off sentiment in crypto markets, particularly for AI tokens. Bitcoin and Ethereum, while less directly tied to NVIDIA today, still exhibit correlation with tech stocks during broader market shifts, with BTC showing a 0.3% uptick alongside NVDA's gains at 5:00 PM UTC on May 28, 2025, per live data from TradingView.

From a technical perspective, NVIDIA's stock chart on May 28, 2025, showed a bullish trend with the 50-day moving average at $1,050 and the 200-day moving average at $980, indicating sustained upward momentum, as per Yahoo Finance analytics. Trading volume for NVDA spiked by 15% compared to the prior day, signaling strong market participation. In the crypto space, Bitcoin's relative strength index (RSI) stood at 52 at 6:00 PM UTC on May 28, suggesting neutral momentum, while ETH's RSI at 55 hinted at slight bullishness, according to CoinMarketCap metrics. On-chain data from Glassnode revealed Bitcoin's active addresses increased by 2.1% to 850,000 on the same day, pointing to steady network activity. Ethereum's gas fees also dropped to an average of 8 Gwei at 7:00 PM UTC, potentially encouraging more transactions and DeFi activity tied to AI token ecosystems. The correlation between NVIDIA's stock and crypto markets, particularly AI tokens, is evident in volume spikes—RNDR's volume surged 18% on May 28 compared to the prior 24 hours, mirroring tech stock optimism.

Focusing on stock-crypto market correlations, NVIDIA's performance often acts as a barometer for institutional risk appetite. On May 28, 2025, the Nasdaq Composite, heavily weighted by tech stocks like NVIDIA, rose 0.6% to 16,920 at market close, per Bloomberg data, aligning with Bitcoin's modest gains. Institutional money flows between stocks and crypto are notable, as hedge funds and asset managers often rotate capital based on tech sector performance. A strong NVIDIA often correlates with increased allocations to crypto assets, especially during bull markets. Additionally, crypto-related stocks and ETFs, such as the Bitwise DeFi & Crypto Industry ETF (BITQ), saw a 1.2% uptick to $10.80 on the same day, reflecting parallel sentiment, according to MarketWatch. Traders should monitor NVIDIA's upcoming earnings or AI product launches for potential volatility in both markets, as these events could drive significant capital shifts.

Lastly, the AI-crypto market correlation is undeniable, with NVIDIA's advancements directly impacting tokens tied to AI computing. The surge in RNDR and FET prices on May 28, 2025, alongside NVIDIA's stock stability, underscores this relationship. As AI adoption grows, expect further institutional interest in AI tokens, potentially amplifying trading volumes during key NVIDIA announcements. For now, the data suggests a cautiously optimistic outlook for cross-market traders, with precise entry and exit points critical for maximizing returns.

FAQ Section:
What is the connection between NVIDIA's stock and cryptocurrency markets?
The connection lies in NVIDIA's historical role in Bitcoin mining through its GPUs and its current leadership in AI hardware, which influences AI-focused tokens like RNDR and FET. On May 28, 2025, NVIDIA's stock stability at $1,148.25 correlated with gains in Bitcoin at $67,850 and AI tokens, reflecting shared investor sentiment across markets.

How can traders benefit from NVIDIA's performance impacting crypto?
Traders can monitor NVIDIA's stock movements and announcements for potential spillover effects into crypto, especially AI tokens. For instance, on May 28, 2025, RNDR surged 4.2% to $10.15 as NVIDIA's stock held strong, suggesting opportunities for long positions during positive tech news cycles.

Are there risks in trading crypto based on NVIDIA's stock trends?
Yes, risks include sudden shifts in tech stock sentiment affecting crypto markets. A drop in NVIDIA's stock could trigger a risk-off environment, impacting tokens like FET or even Bitcoin. Traders should use stop-loss orders and monitor broader market indices like the Nasdaq for context, as seen with its 0.6% gain on May 28, 2025.