Bitcoin is a cryptocurrency created in 2009 by an unknown figure under the alias Satoshi Nakamoto. This cryptocurrency is built on the foundational principles of blockchain, which allows for a recorded inemutable, decentralized ledger of transactions to be maintained on a … Why Ethereum Price is Dropping Despite Technicals ... When the price of bitcoin drops, Ethereum and other major crypto assets are likely to see intensified movements to the downside. In the short-term, technical analysts expect the bitcoin price to retest the low $5,000 region again at the least, following the rejection of $6,200 on March 22. Cryptocurrency trader Michael van de Poppe said: