I don't think the Cyprus events had a real inpact in bitcoin price, all I see in bitcoin is price manipulation, when some people want bitcoin to go up in price it goes up, when they want to crash it the price falls like a stone, Cyprus was an excuse I think for the pump or just a coincidence. Some weeks/months ago we had some very positive news from Paypal and Microsoft, those kind of news some years ago would be HUGE but this time the price kept falling!!!
The last year in bitcoin we had....
dumping from old CPU miners...
dumping from old GPU miners...
dumping from ASIC miners...
dumping from every IPO project(or whatever they are called)
dumping from scammers and shitcoin creators that managed to fill their pockets with bitcoins from every fool/idiot/stupid "investor" out there.
and finally the cherry of the pie.... dumping from traders/price manipulators.
I'm not sure if the time has come for a rise in the price of bitcoin, but when this time comes, then I'm sure it will be 20% from news and 80% price manipulation.