The bull trend in the crypto sector seems to have slowed down as of April. Although some altcoins occasionally experience rises, the leading cryptocurrency Bitcoin (BTC) and major altcoins have been exhibiting sideways movements in recent times.

Suppressive decisions regarding crypto assets in the United States, which has the world's largest economy, have suppressed the rises in the market.

According to Wu Blockchain, a crypto newspaper based in China, the popularity of Bitcoin and BTC mining has started to increase significantly in Russia.

Wu Blockchain shared the following tweet series on its official Twitter account in line with the data of Kommersant and BitRiver:

"According to Kommersant, in the first quarter of the year, Russia ranked second in terms of electricity consumption for Bitcoin mining for the first time in the world: the United States ranked first with 3-4 GW; Russia ranked second with 1 GW." "BitRiver stated that this is due to the restriction of mining activities in Kazakhstan last year. In addition to low electricity costs, Russia also has a favorable climate for mining. However, although a draft law on local mining regulation in Russia was submitted to the State Duma last November, it has not yet passed the first vote." "At the same time, the external policy risks faced by Russian miners are increasing. The West has increased secondary sanctions against banks, exchanges, mining pools, and other foreign institutions that work with Russian miners, in addition to sanctions against Russian companies." Russian companies turning to the crypto sector in line with Western sanctions may enable a new bull cycle to begin in Bitcoin in the future.