{"id":43227,"date":"2026-05-09T18:30:22","date_gmt":"2026-05-09T18:30:22","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43227"},"modified":"2026-05-09T18:30:22","modified_gmt":"2026-05-09T18:30:22","slug":"bitcoin-drops-to-2-cents-revolut-users-report-massive-btc-price-glitch","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43227","title":{"rendered":"Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch"},"content":{"rendered":"<p>A third-party provider failure caused Revolut\u2019s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents.<\/p>\n<h2>Third-Party Provider Blamed For Pricing Chaos<\/h2>\n<p>Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hi. We want to help resolve the issues you\u2019re facing with the Bitcoin price notification. We\u2019re currently experiencing issues affecting some of the app\u2019s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page\u2026<\/p>\n<p>\u2014 Revolut Support (@revolutsupport) <a href=\"https:\/\/twitter.com\/revolutsupport\/status\/2052665959958061340?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 8, 2026<\/a><\/p>\n<\/blockquote>\n<p>A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider.<\/p>\n<p>The company said it was still evaluating the full details of what went wrong.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">UPDATE: It wasn\u2019t just Bitcoin.<br \/>\nMultiple coins on Revolut appeared to flash-crash\/glitch at the same time.<\/p>\n<p>Looks like a pricing\/chart glitch \u2014 but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Revolut?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Revolut<\/a> <a href=\"https:\/\/t.co\/fIelIbAOor\" rel=\"nofollow\">pic.twitter.com\/fIelIbAOor<\/a><\/p>\n<p>\u2014 Dave Flowman (@_btcd) <a href=\"https:\/\/twitter.com\/_btcd\/status\/2052648316198912233?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 8, 2026<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>The glitch wasn\u2019t limited to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a>. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC \u2014 assets designed to hold steady at one dollar.<\/p>\n<p>Screenshots shared on X and Reddit showed Bitcoin\u2019s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back.<\/p>\n<p>Some users also received push notifications warning that BTC had hit a 52-week<a href=\"https:\/\/x.com\/MartiniGuyYT\/status\/2052655916659724742\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\"> low of 2 cents.<\/a><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">According to Revolut, The price of Bitcoin has just dropped to $0.02<\/p>\n<p>I guess its time to buy! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f602.png\" alt=\"\ud83d\ude02\" class=\"wp-smiley\" \/> <a href=\"https:\/\/t.co\/YIbwBGrkeT\" rel=\"nofollow\">pic.twitter.com\/YIbwBGrkeT<\/a><\/p>\n<p>\u2014 That Martini Guy \u20bf (@MartiniGuyYT) <a href=\"https:\/\/twitter.com\/MartiniGuyYT\/status\/2052655916659724742?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 8, 2026<\/a><\/p>\n<\/blockquote>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"aligncenter size-full wp-image-895374\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/a_526ec6.png?resize=1024%2C184\" alt=\"\" width=\"1024\" height=\"184\" loading=\"lazy\" \/><\/p>\n<h2>No Matching Moves On Any Other Platform<\/h2>\n<p>Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin\u2019s price on CoinMarketCap and <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a> held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut\u2019s app.<\/p>\n<p>Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play.<\/p>\n<p>The first is a corrupt data tick pushed through Revolut\u2019s pricing system \u2014 a single bad data point that briefly anchored the chart before being corrected.<\/p>\n<p><img decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/LCn3eZZa\/\" width=\"1814\" height=\"921\" loading=\"lazy\" \/><\/p>\n<p>Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion.<\/p>\n<p>The second possibility is a transient liquidity gap. Revolut\u2019s order book is shallower than what you\u2019d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover.<\/p>\n<p>Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely.<\/p>\n<p>Why Retail Apps Face Unique Data Risks<\/p>\n<p>Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception \u2014 particularly in retail-facing systems where users may not think to cross-check what they\u2019re seeing.<\/p>\n<p>Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what\u2019s in front of them.<\/p>\n<p>Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis.<\/p>\n<p><em>Featured image from Pixabay, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>A third-party provider failure caused Revolut\u2019s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43228,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-43227","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Drops To 2 Cents! 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