Lots of people got scammed and existed this great industry. That s why I hate crypto anonymity and personally support any move which can end it and reduce the number of scammers around.
I didn't expect to see bitcoin again on this level after a good news in G20 summit but I think scammed ICO's really affect the market.
FUD news can also be a reason why this thing's happening but still not so sure about it. Cryptocurrency have a negative image in the public until now but I hope more good news to come so investors will come in and the market will back to bull run.