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After the statement from San-Francisco-based exchange Coinbase about opening a new bitcoin exchange offering storage services which will be approved by a number of US States, including New York and California, Bitcoin value raised significantly. Such step of the government meant a lot for Bitcoin users, as it turned Bitcoin to the next level where there is a place for trustworthiness and insurance of the investments. Cyprus Banking Crisis. The bitcoin increase in trading value was noted both in 2013 when the Cyprus went through the economic problems and this 2015 year with the news about Cyprus Economic default named ‘Grexit’. Bitcoin, being the digital currency which can function as a currency-fluctuation protector gained popularity due to the region’s economic climate which changed the influx of investments. After the government spread the news that insured deposits can be jeopardized, bitcoin immediately jumped in price. However, some specialists consider that trading volumes of Cyprus constitute just a small part of whole trades, thereby it cannot significantly influences the market price. Others suppose the Bitcoin price movement to be speculative and think that there is no real interest in digital currency among Cyprus citizens. 2. Mass Media Mass media provides the essential link between the individual and the demands of the technological society. From this quotation it is easy to guess that Bitcoin price movements can coincide with the events covered by the mass media. News that are published by famous FinTech editions or some statements posted on Twitter by opinion leaders influence the Bitcoin price trends as most people are used to reckon upon the influential peop...