2018 has so far seen the highest funds jointly raised through ICOs.
This has a minimal effect on bitcoins value, a lot of other factors also have effects in the price.
There has been very little real possitive news for the most of 2018.
Many reasons behind crypto red market and it includes; First, the market manipulations. Whales can manipulate price. Orchestrating large sums of digital coins, whales create necessary conditions to buy crypto at a low price or sell at a high. Second is the regulation, government does not recognize cryptocurrencies as legal tender and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system. and etc.,