On Friday, users of the popular financial app Revolut were startled to see the price of Bitcoin momentarily plummet to $39,900 within the platform. Several users even received notifications suggesting the cryptocurrency had fallen to as low as $0.02, indicating a record low for the past 52 weeks. Around the same time, similar price anomalies affected various other cryptocurrencies, including XRP, Solana, and major stablecoins like USDT and USDC.
Source of the Glitch and Technical Details
These highly irregular price swings appeared to be isolated to the Revolut app, with no corresponding moves on major exchanges or derivatives markets. External sources such as CoinMarketCap and CoinGecko did not register any comparable volatility, pointing to the likelihood of a data or pricing issue unique to Revolut rather than broader market turbulence.
The Revolut support team informed users about temporary issues affecting some app functions, assuring that engineers were actively working to resolve the problem.
Headquartered in the United Kingdom, Revolut has grown rapidly as a digital bank and financial platform in recent years. The app relies on external data providers to deliver real-time cryptocurrency prices to users.
Expert Views: Data Error or Liquidity Gap?
Ranveer Arora, an expert with global experience in algorithmic trading, told Cointelegraph that the brief loss of nearly 50 percent in Bitcoin’s price on Revolut could stem from two main scenarios. Arora explained that the most probable cause was a data transmission error: faulty information from a source may have temporarily locked the daily price chart at $39,900. He also noted that, on platforms with shallow order books, a large sell order could trigger sudden drops. However, because no similar moves were observed on other platforms, a data-related error seems far more likely.
Marc Tillement, director at the blockchain price oracle Pyth Data Association, emphasized that the incident highlights how fragile price perception can be in environments relying on inconsistent data sources. Tillement stated that even a single erroneous price feed can instantly distort market sentiment, particularly on platforms serving retail investors.
Tillement observed that as markets become ever more integrated and data-driven, ensuring reliable and transparent price infrastructure remains crucial for maintaining investor confidence.
Revolut’s Response and Restoration
In support messages, Revolut notified users that engineers had been alerted about functionality disruptions and advised users to watch for updates. A company spokesperson attributed the pricing anomaly to a brief service outage at an external third-party provider. Revolut reported that incorrect price data was corrected rapidly and that a detailed review of the incident was ongoing.
Although the dramatic price shift unsettled some users, the fact that no similar effects emerged on other major crypto platforms helped limit the overall impact. Revolut’s system returned to normal operation quickly after the correction.
