SharpLink Gaming (SBET) saw its stock price soar by 7.47% in pre-market trading on Wednesday, as part of a broader rally in crypto-related shares. The significant uptick in SBET's stock price aligns with the overall positive sentiment in the cryptocurrency sector, which saw several companies posting notable gains.
The crypto market's bullish trend was evident across multiple companies in the space. GameSquare and BitMine experienced increases of over 6%, while major players like Marathon Digital Holdings (MARA) and Circle saw their shares climb by more than 3%. Coinbase, a leading cryptocurrency exchange, also joined the rally with a rise of over 2%.
This surge in crypto-related stocks comes amid positive developments in the sector. Notably, U.S. banking giant JPMorgan announced a partnership with Coinbase, set to launch in fall 2025, allowing customers to fund their wallets using Chase credit cards and purchase cryptocurrency on the exchange. This move signals growing acceptance of digital assets by traditional financial institutions, potentially driving investor optimism in the crypto space and contributing to the overall market rally, including SharpLink Gaming's impressive gains.
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