SharpLink Gaming (SBET) surged 6.91% during pre-market trading on Monday, reflecting strong momentum for the crypto-related stock.

The sharp rise appears to be part of a broader rally in cryptocurrency-related shares. Bitcoin trading picked up again on Monday, with the original cryptocurrency climbing as much as 3.7% to over $74,400. This positive momentum in the crypto market has spilled over to related equities, with multiple crypto shares jumping in overnight trading.

Market observers note that crypto shares have been performing well amid renewed interest in digital assets, with Bitcoin weathering recent geopolitical tensions better than many traditional safe-haven assets like gold. This environment has created favorable conditions for stocks associated with the cryptocurrency sector.