Bitcoin Shows 2-Cent Price on Revolut
Revolut users reported a display glitch showing Bitcoin at 2 cents. The anomaly was isolated to the app and did not affect broader markets.
The update
Revolut users reported a technical anomaly on Friday that briefly displayed Bitcoin prices far below global market levels. Screenshots circulated showing the price drop to around 2 cents, with some charts showing a sharp intraday wick before snapping back to normal levels.
The anomaly appeared isolated to the Revolut app. Major exchanges tracked by CoinGecko and CoinMarketCap showed no corresponding movement in Bitcoin, which traded just over $79,000 during the same period. The glitch also appeared to affect other assets, including XRP and Solana, according to user reports.
Why it matters
This incident highlights the risks of relying on third-party pricing feeds for crypto assets. Revolut sources prices from external providers, and a single data point or a thin liquidity environment can produce sharp, temporary dislocations that do not reflect actual market conditions.
For users, the core uncertainty is whether any trades were executed at the erroneous price or if it was purely a display issue. If trades were filled, the platform would need to determine whether to honor those prices or treat them as errors.
What to watch
Revolut’s official response and any statements regarding whether trades were executed at the 2-cent price. Whether the platform will compensate users affected by the glitch. Wider adoption of crypto features by fintech platforms and the stability of their underlying data feeds.
Sources
- Coindesk — Details on the display glitch, the 2-cent price, and the isolation of the anomaly to the Revolut app.
- Cointelegraph — Context on the simultaneous price drops across multiple assets and expert analysis on data feed errors vs. liquidity gaps.