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 think ICO is also true to make the price of bitcoin down. Because investors split up to invest in these ICOs, not only in bitcoin they invest. It's probably not just that that keeps the bitcoin price down.