Bitfinex started to resume fiat withdrawals (for requests of $50,000 or greater) earlier today, and it should not be viewed as coincidence the price of Bitcoin fell as a result of it.

Speculators were willing to pay risk premiums in the form of ever higher Bitcoin prices (much like when Mt GOX was having issues with fiat transfers), just to move it off Bitfinex to other exchanges without liquidity issues.

Now that larger withdrawals of $50,000 or greater are being processed, demand is subsiding and risk premiums are no longer being paid. Consequently, the Bitcoin bubble should recede to more "normal " levels.