Why Bitcoin Crashed??

It's hard to believe that so dramatically bitcoin value dropped almost 5%.and it's not only bitcoin but other cryptocurrency including
Ethereum, XRP, Monero, Stellar and so on also crashed dramatically in result Cryptocurency market lost almost $13 billion in value.
Here are the few reason why Bitcoin Crashed today so suddenly & dramatically

1- Bitfinex
Over past few days relationship between Bitfinex and Tether comes out with some interesting developments. Noble bank halted it's service for Bitfinex and Tether after showing signs of trouble.which led to loss of trust in exchange and which lead to funding withdrawals of stablecoins. Half of Bitcoin deposited in cold wallet of Bitfinex past month flowing out and additional $100Mn USDT leaving circulation.

2.- Stock Market Crash
To start with, Bitcoin was at first observed as a fence against the danger of money markets since its value developments appeared to nearly 'resist gravity'. In any case, with the slide of the Dow Jones Index by a thousand points, inside days saw revived feelings of dread for the customary universe of accounts. Standard markets are as yet inadequate with regards to richness and a requirement for speculations, so the main cryptographic money may need to, by and by, sit tight for an inflow of institutional cash.what are your thoughts about crashing BTC comment down your thoughts.

3- Miners
The Bitcoin mining economy is shortly of an emergency. Amid the main portion of this current year, rivalry and ranch building spiked. This implies miners could be able to endeavor pitching Bitcoin to recover costs. Over the previous week, the pinnacle hashing power has corresponded with falling prizes for current miners.
On Twitter Philip Nunn said -

*"As of June 2018, over 80% of #Bitcoin mining is performed by six mining pools and five of those six pools are managed by individuals or organizations located in China.So this is really worrying. And $BTC maximalists must look at this as a huge threat. China controlling BTC"