Revolut users experienced a moment of shock on Friday when the fintech app briefly displayed Bitcoin (BTC) at an astonishing low of $0.02 due to a chart glitch. This anomaly lasted only a few seconds but caused significant confusion among users and sparked lively discussions on social media platforms like X (formerly Twitter) and Reddit.
During the glitch, screenshots shared online showed Bitcoin prices plummeting to as low as $0.019916, with similar inconsistencies reported for other cryptocurrencies, including Solana (SOL) and XRP. One user humorously noted, “For 3 seconds, I thought I was about to buy the entire supply and become Satoshi’s final boss. Then I remembered: it’s probably just a Revolut chart glitch. Crypto never sleeps. Neither do bugs.” This sentiment echoed the disbelief felt by many as they watched the price swing on the app.
Notably, while the Revolut app displayed these erroneous prices, Bitcoin continued to trade above $80,000 on reputable exchanges. CoinGecko and CoinMarketCap confirmed that there were no significant fluctuations corresponding to the Revolut incident, indicating that the glitch was limited to the app itself.
Following the event, Revolut Support acknowledged the issue, stating that technical problems were affecting certain crypto functionalities, and their engineering team was investigating the glitch. However, despite addressing the disruption, the company has not provided details regarding the cause of the faulty data.
The incident coincided with a softer trading day for Bitcoin, which nearly dipped below the $80,000 mark after a slight market correction that triggered approximately $300 million in futures liquidations. Throughout the glitch, there were no reports from users confirming that any trades were executed at the erroneous price.
Affected users, both in Europe and globally, reassured others that their balances and pending orders remained intact. The outage raised concerns about how centralized applications, which rely on third-party price feeds, manage data during volatile market conditions.
Despite this minor setback, Revolut continues to enhance its presence in the crypto market, recently integrating stablecoin settlements on Polygon, all while navigating the complexities of regulatory compliance and user experience.
