I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.
I think you can see this question's asnwers by yourself, all market depends on btc this is clear for us and this unfortunately affects icos, good altcoins and everything especially in bear market.
For the price of the token itself is certainly not affected by the price of bitcoin, because the price of tokens is determined by several things in the ICO specifications (team project), but when the ICO has been listed in exchange, then all aspects can affect the ico market, including the price of bitcoin..