In agreement with others in this thread, I don't think this has anything to do with Russia. Price has been in an uptrend since the start of the year and doubled in price. As soon as there was rejection from around $30K price corrected to $27K which is where bears failed to push prices lower. Then unsurprisingly price re-tested $30K level because ultimately price remains in an uptrend so the default direction is upwards.
There had already been 4/5 days of consolidation above $27K in order to confirm it as reasonable support, so the rebound back towards the recent highs is far from surprising in this sense. But as per usual people feel the need to attribute certains event to Bitcoin's price movement, as opposed to the reality that prices weren't moving below $27K quick enough, so investors/traders felt comfortable buying at higher prices.
There had already been 4/5 days of consolidation above $27K in order to confirm it as reasonable support, so the rebound back towards the recent highs is far from surprising in this sense. But as per usual people feel the need to attribute certains event to Bitcoin's price movement, as opposed to the reality that prices weren't moving below $27K quick enough, so investors/traders felt comfortable buying at higher prices.
in 2022 most futures market whales were able to perform many 1week-1month long shorts due to a stagnant hashrate competition and used other stashes to pressure the spot markets to stay in ranges to win their future contract targets
however in 2023 they are only managing 2-5 day contracts where the natural flow of spot markets push those whales stashes to extremes that it breaks
the hashrate competition and energy prices helped push the markets. but we all know the energy markets of the world are not due to russia. but due to greed of domestic energy companies pretending their profiteering price rises are russian caused
in 2022 bottomline value of efficient mining was ~$15k now if the 350exa hashrate persists $25k will be 2023 bottom as of q2
