Bitcoin moved sharply lower over the weekend as renewed Middle East tensions rippled across global markets, before rebounding on Monday in a move driven more by futures liquidations than fresh spot demand. Some traders used the volatility to rotate into Bitcoin-focused infrastructure plays, including Bitcoin Hyper, which reports raising more than $32 million through a token presale. The shifts came as oil prices surged and risk assets wobbled after President Donald Trump issued Iran a 48-hour ultimatum to reopen the Strait of Hormuz. Subsequent developments pointed to a temporary pause in planned US strikes, though the status of any diplomatic progress remained unclear.