A glitch on the Revolut trading platform briefly showed Bitcoin’s price near zero overnight, triggering confusion among users who received push notifications about the sudden drop. The firm has confirmed that this was a temporary error now resolved.
Revolut customers were alerted early Thursday morning to what appeared to be a 52-week low for Bitcoin at $0.02. This incorrect price display occurred briefly between 7:45 and 7:50 GMT+1, as reported by users. The company informed Decrypt that the pricing mistake resulted from an issue with a third-party service provider.
“Earlier today, a service disruption at a third-party provider caused inaccurate Bitcoin pricing on our platform,” explained a Revolut spokesperson. “We can confirm that the problem has been resolved and prices are now aligned with market conditions. We are currently reviewing the details of this service disruption.”
During this period, major cryptocurrency exchanges continued to trade Bitcoin without interruption, and leading price trackers like CoinGecko, CoinMarketCap, and Coinbase showed no significant changes in Bitcoin’s actual market price.
The glitch prompted mixed reactions on social media, with some users expressing concern and others humorously commenting on the fleeting opportunity it presented. “BTC ‘crashed’ to $0.02 on Revolut for 3 seconds. For a moment, I thought I was about to purchase the entire supply and become Satoshi’s final boss,” joked one X user.
Revolut’s 24-hour charts also showed notable price drops in other leading cryptocurrencies such as Ethereum and XRP during the same timeframe, though these were not as severe as Bitcoin’s.
Revolut, a platform offering both cryptocurrency trading and traditional banking services to millions across Europe, has been expanding its digital asset offerings. The company 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. However, the firm does not intend to pursue this process until 2028.