Key Takeaways
- Revolut users panicked after a glitch displayed Bitcoin crashing to $0.02.
- Users flocked to X to share screenshots.
- The incident echoes previous crypto pricing glitches and liquidation cascades.
Revolut users were briefly confronted with a nightmare scenario on Friday after the fintech app displayed erroneous Bitcoin prices showing Bitcoin collapsing to as low as $0.02, triggering panic, confusion and a flood of reactions across social media.
Revolut Bitcoin Price Glitch Sparks Panic
Users reported receiving push notifications suggesting Bitcoin had plunged more than 50% or crashed to near-zero levels.
Others said the app displayed abnormal figures and apparent sell orders executed at two cents ($0.02).
The issue appeared to affect price displays, alerts and trading information linked to Bitcoin.
Screenshots shared online showed users receiving notifications warning that Bitcoin had hit a “52-week low.”
Users Share Fear and Confusion
For many users, the alerts arrived without explanation in the early hours of Friday morning, leading some to initially fear a catastrophic market collapse.
As screenshots spread online, worried customers turned to X to compare experiences and determine whether the alerts were genuine.
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.”
Others questioned whether automated trades had been triggered incorrectly during the malfunction.
Another user wrote: “Wtf is this manifesting? I want to see $150000 instead of $0.02.”
“As a big fan and user of Revolut, I’m glad I didn’t see the ‘Revolut app displays erroneous Bitcoin price of $0.02 due to a technical glitch’ notice — otherwise I’d have shut my laptop on the spot,” said another user.
In responses posted publicly on X, Revolut Support said the company was “currently experiencing technical issues affecting some crypto functionalities” and reassured customers that teams were actively investigating the issue.
The glitch came despite broader cryptocurrency markets remaining relatively stable, with Bitcoin continuing to trade far above the erroneous values shown in the app.
Crypto Price Glitches and Market Anxiety
Technical glitches involving crypto prices can have an outsized psychological impact on retail investors, especially during periods of extreme volatility.
Even short-lived display errors can trigger panic selling fears and concerns over liquidation events.
The Revolut incident also highlights the growing reliance on fintech platforms and mobile alerts for real-time trading information.
For many retail investors, push notifications are often the first indication of major market moves.
Past crypto market disruptions, including flash crashes, have shown how quickly confusion can spread online.
Past Bitcoin Price Glitches
The Revolut incident is not the first time that sudden pricing anomalies or technical glitches have shaken crypto traders.
Speaking on CNBC’s Power Lunch following the Oct. 10 crypto market crash, Fundstrat’s Tom Lee linked the massive drop to what he described as a pricing-feed failure involving a stablecoin on a single exchange.
According to Lee, the stablecoin briefly plunged to around $0.65 on one venue due to thin liquidity, even as prices on other exchanges remained stable.
“On a specific exchange, a stablecoin’s price varied from other exchanges,” Lee said. “It dropped to $0.65. But that only happened within this exchange because of liquidity.”
Lee said the distorted pricing triggered a chain reaction across crypto derivatives markets as automated liquidation systems responded to the abnormal data.
“It wiped out, as that spread across other exchanges, because liquidations cascade,” he said.
“Almost two million crypto accounts got wiped out, even though minutes before they were actually profitable accounts.”
South Korean crypto exchanges also experienced sharp local price swings during the country’s political turmoil in late 2024, when a martial-law shock triggered heavy trading activity.
During the episode, local order books temporarily detached from global benchmark prices, producing sudden downward wicks.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
