Bitcoin Price Crashes Near Zero on Revolut, Blamed on Third-Party Service Disruption

AI Impact AnalysisxAI Grok · medium Confidence

TL;DR

DirectionNeutral — A technical glitch at Revolut caused abnormal Bitcoin price displays, not a market crash.

Affected Assets

BTC

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Suggested Action

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📄Full Article· Automatically extracted by trafilatura2396 words

In brief - Bitcoin briefly displayed a price of $0.019 on Revolut overnight—a 99.99% drop from its actual trading level near $79,000. - The glitch didn’t last long, but push notifications to users helped amplify the alarm. - Revolut attributed the error to a third-party service disruption and said it is still evaluating what happened. Trading platform Revolut briefly showed a Bitcoin price near zero overnight, with push notifications of the apparent drop sparking confusion among users—but it was only a glitch, which the firm says is now fixed. Some Revolut users received notifications claiming Bitcoin had reached a 52-week low at $0.02 Thursday morning. The erroneous price display lasted only moments between 7:45 and 7:50 GMT+1, according to user reports. A Revolut spokesperson told Decrypt that the pricing error was due to an issue with an as-yet-unspecified third-party service provider. "Earlier today, a service disruption at a third-party provider resulted in inaccurate pricing on our platform,” they said. “We can confirm that this issue has been rectified and pricing is now reflecting the market conditions. We are in the process of evaluating the details of the disruption." While Revolut displayed Bitcoin at near-zero prices, the cryptocurrency continued trading normally on major exchanges and showed no disruptions on prominent price trackers. CoinGecko, CoinMarketCap, and Coinbase data showed no dramatic change to Bitcoin's actual market price during the incident window. Following the incident, some users took to social media to share concern, while others poked fun at the error—and the apparent opportunity such a plunge would create. “BTC ‘crashed’ to $0.02 on Revolut. For 3 seconds, I thought I was about to buy the entire supply and become Satoshi’s final boss,” one X user wrote. Revolut’s 24-hour charts for other leading cryptocurrencies like Ethereum and XRP also currently show substantial price drops at the same time, though not nearly as deep as the Bitcoin plunge. Revolut, which offers crypto trading alongside traditional banking services to millions of users across Europe, has expanded its digital asset offerings in recent years. The firm applied for a U.S. banking license in March, and is reportedly seeking a $200 billion valuation in an IPO, according to a recent Financial Times report—but isn’t planning to undergo that process until 2028.

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