Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch
A 3rd-party supplier failure brought on Revolut’s app to indicate wildly inaccurate crypto costs on Friday, the corporate confirmed, after customers flooded social media with screenshots of Bitcoin listed at simply 2 cents.
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Third-Social gathering Supplier Blamed For Pricing Chaos
Revolut acknowledged the issue in a public assertion, saying engineers had been engaged on a repair and urging clients to examine its standing web page for updates.
Hello. We wish to assist resolve the problems you’re going through with the Bitcoin worth notification. We’re at present experiencing points affecting a few of the app’s functionalities. Please be assured that our colleagues are engaged on this as we converse. Please control our standing web page…
— Revolut Assist (@revolutsupport) May 8, 2026
An organization spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed exterior pricing supplier.
The corporate mentioned it was nonetheless evaluating the total particulars of what went improper.
UPDATE: It wasn’t simply Bitcoin.
A number of cash on Revolut appeared to flash-crash/glitch on the similar time.Appears like a pricing/chart glitch — however for a couple of seconds, everybody thought they found the largest crypto low cost of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor
— Dave Flowman (@_btcd) May 8, 2026
The glitch wasn’t restricted to Bitcoin. Customers reported seeing simultaneous worth drops throughout XRP, Solana, and even stablecoins like USDT and USDC — property designed to carry regular at one greenback.
Screenshots shared on X and Reddit confirmed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the value briefly anchoring close to $39,900 earlier than snapping again.
Some customers additionally acquired push notifications warning that BTC had hit a 52-week low of 2 cents.
In line with Revolut, The value of Bitcoin has simply dropped to $0.02
I assume its time to purchase! 😂 pic.twitter.com/YIbwBGrkeT
— That Martini Man ₿ (@MartiniGuyYT) May 8, 2026
No Matching Strikes On Any Different Platform
Pricing information on main aggregators confirmed nothing uncommon throughout the identical window. Bitcoin’s worth on CoinMarketCap and CoinGecko held regular, with no signal of any crash in derivatives markets both. The anomaly appeared fully contained inside Revolut’s app.
Ranveer Arora, a former PwC quantitative buying and selling lead and co-founder of Altura.commerce, informed reporters two explanations are in play.
The primary is a corrupt information tick pushed by way of Revolut’s pricing system — a single dangerous information level that briefly anchored the chart earlier than being corrected.
As a result of Revolut shouldn’t be an alternate and pulls costs from exterior suppliers, one defective enter might be sufficient to supply precisely this type of chart distortion.
The second risk is a transient liquidity hole. Revolut’s order ebook is shallower than what you’d discover on a full alternate, so a big promote order might theoretically exhaust accessible bids and print a pointy downward wick earlier than costs get well.
Arora famous, nevertheless, that the shortage of matching prints on some other platform makes the info feed clarification extra possible.
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Marc Tillement, director of blockchain worth oracle Pyth Information Affiliation, mentioned the episode exhibits how shortly a single dangerous information level can distort worth notion — significantly in retail-facing programs the place customers could not assume to cross-check what they’re seeing.
Tillement mentioned that as markets develop extra data-dependent, the reliability of pricing infrastructure turns into central to how a lot merchants can belief what’s in entrance of them.
Clear, verifiable information layers, he argued, are what separate a glitch from a disaster.
Featured picture from Pixabay, chart from TradingView
