Revolut Users See Bitcoin Plummet to $0.019 Due to Third-Party Glitch

Bitcoin’s Brief Crash on Revolut Linked to Third-Party Issue

Bitcoin (BTC) experienced a sudden and extreme price dip on Revolut, a UK-based online banking platform, today. The cryptocurrency briefly dropped from its market value of $79,000 to as low as $0.019 on Revolut’s mobile app. The error lasted only a few seconds before the price returned to normal.

On desktop browsers like Google Chrome, Revolut displayed a lower price of $73,000 between 7:45–7:50 GMT+1. However, the mobile app showed the far more dramatic drop to $0.019.

Revolut Confirms Third-Party Service Disruption

Revolut attributed the inaccurate pricing to “a service disruption at a third-party provider.” In a statement to Protos, the company said:

“The issue has since been solved and we are still in the process of evaluating the details of the disruption.”

At the time, Revolut’s support account on X (formerly Twitter) informed users that it was “currently experiencing technical issues affecting some crypto functionalities.”

False Push Notifications Sparked Confusion

Many users received push notifications on their lock screens claiming Bitcoin had reached a 52-week low of $0.02—an all-time low. The notifications added to the confusion, as traders and investors scrambled to understand whether a flash crash had occurred.

Neither CoinGecko nor Coinbase recorded any such crash, suggesting the issue was isolated to Revolut’s platform.

Visual Glitches and Flash Crashes: A Common Crypto Problem

Revolut’s incident is not the first time a crypto platform has displayed incorrect prices due to technical errors. Similar glitches have occurred across major exchanges:

• Binance (2023): A network congestion issue caused wallets to display a balance of $0 for all users.
• PDAX (2021): Bitcoin was briefly listed at $6,000—nearly 90% below its actual price. Users rushed to buy, prompting PDAX to suspend accounts and exchange legal threats before confirming it was a visual error.
• Bithumb (2021): A user accidentally received 2,000 BTC ($134 million at the time) due to a glitch. The user sold the Bitcoin, causing a sudden 10% dip in BTC’s price on the exchange.

Other Recent Banking and Crypto Glitches

In early 2024, UK banks including Lloyds, Halifax, and Bank of Scotland experienced a widespread visual glitch. Customers reported seeing other users’ transactions and account details, raising concerns about data exposure.

These incidents highlight the vulnerabilities in digital banking and crypto platforms, where third-party integrations and system errors can lead to temporary but significant disruptions.

What’s Next for Revolut and Bitcoin Users?

Revolut has not provided further details on the cause of the disruption but confirmed that the issue has been resolved. The company is still investigating the root cause of the third-party failure.

For now, Bitcoin traders and investors are reminded to verify prices across multiple sources before making transactions, especially during periods of high market activity.

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