4 reasons why the crypto market is pumping

These are some explanations for the recent pump in the price of cryptocurrencies:

1. People all over the world are buying crypto with fiat and donating them to support the Ukraine government war against Russia.

2. Speculators are buying crypto in expectation that Russia will turn to crypto to to evade sanctions.

3. Russia is actually buying crypto to evade sanctions.

4. Russians and Ukrainians are buying crypto to protect their wealth and for flexibility or convenience of moving money around during this crisis, which crypto is most suitable for.

Based on the above, if people are buying crypto and donating to war victim, Ukraine, then it's safe to assume that a dump will follow when Ukraine government and NGOs begin to cash out the money to finance aids.

This is also true for Russia, however I believe Russia will have greater reserve in crypto, and thus have a relatively smaller selling pressure.

So eventually we'll see this reflect in the market volatility. But we should be trending upward from here with the increasing crypto adoption resulting especially from the Russia vs Ukraine crisis.

What do you think is responsible for the recent sudden increase in the price of Bitcoin and the crypto market generally?