Key Takeaways:
(P1) Financial platform Revolut displayed an erroneous Bitcoin price of approximately $0.02 on Friday, after a service disruption with a third-party provider caused a data feed malfunction for its more than 70 million users.
(P2) "Earlier today, a service disruption at a third-party provider resulted in inaccurate pricing on our platform,” a Revolut spokesperson said in a statement. “We can confirm that this issue has been rectified and pricing is now reflecting the market conditions."
(P3) The glitch, which occurred between approximately 7:45 and 7:50 GMT+1, triggered a wave of confusion as users received push notifications claiming Bitcoin had hit a “52-week low.” Screenshots shared on social media platform X showed price candles for Bitcoin dropping to $0.019916. The display error also affected other assets, including Ethereum (ETH), Solana (SOL), and XRP, which showed similar sharp, albeit less dramatic, drops.
(P4) While the incident was confined to Revolut's display layer—with data providers like CoinGecko and CoinMarketCap showing Bitcoin trading steadily above $80,000—it highlights platform-specific risks and the reliance on third-party data feeds in the crypto market. Revolut stated it is "refunding the limited volume of customers affected with the fiat value of their mispriced transactions," underscoring the potential financial impact of even brief technical errors and the importance of robust risk management for centralized platforms.
This article is for informational purposes only and does not constitute investment advice.
