Cantor Equity Partners Inc (CEP) saw its stock price surge by 12.63% in pre-market trading on Thursday, riding the wave of a broader rally in crypto-related stocks. This significant uptick comes as Bitcoin, the world's leading cryptocurrency, shattered previous records by surpassing the $111,000 mark for the first time in its history.

The cryptocurrency market experienced a notable boost, with Bitcoin climbing as much as 3.3% to reach a new all-time high of $111,878. This surge in Bitcoin's value has had a ripple effect across the crypto ecosystem, lifting various crypto-related stocks in pre-market trading. While CEP's specific involvement in the crypto sector is not explicitly detailed, its substantial pre-market gain suggests a strong correlation with the overall crypto market trend.

Several factors are contributing to the current bullish sentiment in the crypto market. The advancement of a key stablecoin bill in the US Senate has fueled optimism for digital asset firms under the pro-crypto stance of President Donald Trump. Additionally, increased demand from major Bitcoin holders like Michael Saylor's Strategy, which has accumulated over $50 billion worth of Bitcoin, is driving the rally. As the trading day unfolds, investors will be closely watching whether CEP and other crypto-related stocks can maintain their momentum in regular trading hours, potentially solidifying the connection between traditional financial markets and the rapidly evolving cryptocurrency landscape.