In my opinion I am beginning to believe that all the funds that were suppose to get into bitcoins for it get to a higher price are diverted to purchase ICOs tokens and this might be the cause of bitcoin fall. If I have bitcoins, and I spot an ICO that has a potential to be the next great coin, I will probably sell my bitcoins for it, and this I think is part of the cause of bitcoin fall. What do you think ?
Nope nothing connect ico's for bitcoin value dumping in the coimmarketcap but ico's affected due to the dumping of bitcoin price not bitcoin affected because of ico's, look at and lets analyst after the 2017 all time high of bitcoin including altcoins or the whole crypto currency.
Starting January 2018 until now the bitcoin price are in the low value unlike last year bitcoin is on the moon and price too expensive, year 2017 bitcoin at in ath value the dev's continue to make their ico's project even if the price is too expensive and making ico's project are also too expensive because high fees for the promotion expenses paying in btc. 2018 bitoin stay dumping until now the ico's project are gone because have some fuds news about bitcoin goes die in the market and dev's afraid to invest making ico.