Revolut app briefly showed Bitcoin at $0.02 after pricing glitch

Revolut’s app briefly displayed Bitcoin at $0.02 on Friday after a service disruption at a third-party pricing provider produced inaccurate crypto prices and user alerts.

Some customers saw extreme price wicks and notifications that Bitcoin had hit a 52-week low of $0.02. Traders also reported apparent simultaneous drops in other tokens, including XRP and Solana, and in certain stablecoins. The anomalies reversed quickly and were confined to the Revolut app.

Market-wide price feeds and aggregated exchange data showed no matching declines during the same period, indicating the issue was specific to Revolut’s pricing display rather than a broader market event.

Revolut acknowledged an interruption affecting some app functions and asked customers to check its status page for updates. The company said engineers worked to restore normal service, later confirming the incident was resolved and attributing the inaccurate pricing to a service disruption at a third-party provider. Revolut is reviewing the disruption to determine the provider’s role.

Two technical explanations circulated among market technicians and price-data experts. One possibility is a corrupt or malformed data tick from an external feed that briefly anchored Revolut’s displayed chart and triggered alarms. The other is a fleeting liquidity gap: in a thin order book, a large sell order can exhaust available bids and create a sharp downside wick before prices recover. The lack of matching trades on other venues made the data-feed error the more likely cause.

Ranveer Arora, a former quantitative trading lead, proposed the corrupt-tick and liquidity-gap scenarios and noted that a single bad data point can produce an extreme-looking chart on a retail app that sources prices rather than operating as a centralized exchange.

Marc Tillement, director of the Pyth Data Association, warned that “a single bad print can distort the perception of price very quickly,” adding that fragmented pricing systems can make displayed prices fragile for retail users.

The episode highlights the reliance of retail platforms on external pricing infrastructure and the potential for localized data faults to generate misleading signals. Revolut said it is assessing how to prevent similar problems in the future.