Today an important event happened that is OPEC won't cut oil output, which sends crude oil prices plummet to 4yr low to 70$ per barrel.
How this affects bitcoin?
Russia is already facing heavy sanctions by the western world for invading Ukraine and hence these sanctions are making credit agencies to downgrade ratings for Russia and hence both credit and Russian money is fleeing away from Russia for past few months.
https://www.youtube.com/watch?v=pnU2oBAszYohttps://www.youtube.com/watch?v=0rHwmgg5pMk
While this has affected Russian economy there is even more, much of the National budget and social schemes of Russia was planned on the hope that oil will always stay above 90$..but today with 70$ its sad day for Russia
All this will make Russia completely standstill and finally Putin will have to accept to the western terms and conditions!
This is cleary evident in ruble vs bitcoin..imagine just 1% of Russian money into bitcoin!
http://www.reddit.com/r/Bitcoin/comments/2nm261/russians_fleeing_the_ruble_for_btc_localbitcoins/http://bitcoincharts.com/charts/localbtcRUB#igWeeklyzm1g10zm2g25zvzcvTLDR: Russia isn't Cyprus! But what is happening seems to lead the country in that path! and if it happens in the same way then moon is just a blip in the trajectory.