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.
Bitcoin plays a very important role in the crypto market. So once Bitcoin falls, it will affect the entire crypto market as well as all ICOS campaigns become failures. This we see is 2018. As ICOS campaigns fail to mobilize capital from investors. Because Bitcoin is the currency that controls the price of the crypto market.