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 ?
I may say is not, ICO's doesn't make bitcoin price causes into falling and there is no connection with buying tokens from them. The most common reasons of its huge decline are FUD's creation and market manipulation by whales. It happens that some investors(whales) sell their coins in cheap price that affect the entire market.