Revolut Bitcoin Price Glitch Displays BTC at $0.02, Causing Widespread User Panic

TLDR:

• Revolut confirmed a third-party disruption caused Bitcoin to display at $0.02 inside the app on Friday.
• No user asset losses were reported, as the glitch only affected price displays and push notifications sent out.
• Bitcoin continued trading normally on major exchanges while the erroneous figures circulated across Revolut’s platform.
• Past crypto pricing glitches have triggered liquidation cascades, wiping out nearly two million accounts in minutes.

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Revolut users were caught off guard on Friday after the fintech app displayed Bitcoin prices crashing to as low as $0.02.

The erroneous figures appeared in push notifications and price displays across the platform. Revolut confirmed the issue stemmed from a third-party service disruption.

No user asset losses have been reported so far. Cryptocurrency markets remained stable throughout, with Bitcoin trading normally on all major exchanges.

App Displays False Bitcoin Crash, Users React Online

The alerts arrived without warning in the early hours of Friday morning. Many users initially feared a real market collapse had occurred overnight. Screenshots spread quickly across X, showing notifications warning of a “52-week low” for Bitcoin.

Some users reported seeing apparent sell orders executed at two cents. Others questioned whether automated trades had triggered incorrectly during the malfunction. The issue appeared to affect price alerts, displays, and trading information tied to Bitcoin.

Revolut Support responded publicly on X, acknowledging the problem directly. “We are currently experiencing technical issues affecting some crypto functionalities,” the company stated.

The team confirmed that investigations were actively underway, and users were reassured that their assets remained unaffected.

Reactions on social media ranged from alarm to dark humor. One user wrote, “Woke up this morning and saw this and went back to bed. Thanks Revolut for nearly sending me to an early grave.”

Another posted, “Wtf is this manifesting? I want to see $150000 instead of $0.02.” A third added, “As a big fan and user of Revolut, I’m glad I didn’t see the notice — otherwise I’d have shut my laptop on the spot.” The posts reflected genuine anxiety among retail investors relying on mobile alerts for market updates.

Crypto Price Glitches Carry a History of Market Disruption

This is not the first time a pricing error has rattled crypto traders. Technical glitches, even brief ones, can trigger outsized fear among retail investors. The Revolut incident draws attention to how heavily traders depend on fintech apps for real-time data.

Speaking on CNBC’s Power Lunch following a previous crash, Fundstrat’s Tom Lee linked a major market drop to a pricing-feed failure.

A stablecoin briefly fell to $0.65 on one exchange due to thin liquidity. “On a specific exchange, a stablecoin’s price varied from other exchanges,” Lee explained. “It dropped to $0.65. But that only happened within this exchange because of liquidity.”

That distorted price then triggered a chain reaction across derivatives markets. “It wiped out, as that spread across other exchanges, because liquidations cascade,” Lee said.

Nearly two million crypto accounts were affected, despite being profitable just minutes before the glitch occurred.

South Korean exchanges faced a similar episode during the country’s political turmoil in late 2024. A martial-law shock triggered heavy trading activity, causing local order books to detach from global prices temporarily.

Those sudden downward wicks served as another reminder of how fragile pricing infrastructure can be during periods of instability.

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