Most coins have lost 50 to 80% of their value, many tokens that were financed with expensive ether may now have their funding reduced due to their holdings. Do you think many of the ICOs have sold their ether and bitcoin during the last months? What other factors are making the market go steadily down?
the huge correction is because of cryptocurrency and ICO hype on last year.
many peoples want to buy cryptocurrency to invest on ICO. sadly now they now many ICO has failed and sell their coins.