The price of Bitcoin crashed as low as $52,500 on Aug. 5, in a sudden drawdown that saw BTC tumble 10% from $58,350 in less than two hour Bitcoin (BTC) has since regained some ground since the ab flash crash and is trading for $54,384 at the time of publication, per TradingView data. The last time BTC traded below $53,000 was on Feb. 26 earlier this year, as the price rallied following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. The price of Ether (ETH) also plummeted, falling 18% from $2,695 to as low as $2,118 within the same time frame. ETH has bounced sl…