For a few seconds on Friday, Revolut users opened their app and saw Bitcoin trading at two cents.
Some even got push alerts saying Bitcoin had hit a new 52-week low.
But Bitcoin was actually trading near $80,000 on every other major venue. The crash was a chart problem, not a market problem.
It still mattered to the millions of users watching their phones.
Screenshots from Reddit and X showed Bitcoin priced as low as two cents inside the Revolut app.
Other users saw the chart briefly stuck near £29,414 before it snapped back close to £58,600.
CoinGecko and CoinMarketCap showed nothing odd on the broader market. No major venue logged anything close to a real crash.
Bitcoin held above $79,000 across all the main venues the whole time.
The glitch was not just on Bitcoin. Solana, XRP, USDT, and USDC all showed sharp drops before bouncing back at once.
The shape of the move was the same on every coin: a quick drop, a quick rebound, no real volume.
That points to a bad feed, not real selling.
Revolut later said the issue came from a third party feed. The company told CoinDesk the bad prices have been fixed.
A Revolut help note also said the team was working through other app issues during the same window.
Revolut has more than 68 million users in 40 markets. It runs under a new EU rule called MiCA, with a license out of Cyprus.
That makes it one of the largest retail crypto apps outside the big trading venues.
For a lot of those users, Revolut is the main place they check crypto prices. That is the real story under the glitch.
The catch: Price data is invisible until it breaks.
Most retail buyers have no idea whose data feed sits behind their app. They also have no idea what happens when it slips for even a few seconds.
Ranveer Arora, a former PwC quant trading lead and a co-founder of Altura.trade, said a bad tick likely got into Revolut's price feed and broke the chart.
Arora also said that thin in-app liquidity could in theory drag a price lower. The same move did not show up on other venues, so a feed error is the more likely cause.
Marc Tillement, who runs the Pyth Data Association, said the event shows how retail apps can swing on one bad data point.
There is no proof any trades went through at the bad prices. That is the saving grace for users and for Revolut.
Crypto price glitches are not new. Binance hit a USD1 issue in late 2024, and Korean venues have shown sharp local swings under stress.
What is new is the scale of apps like Revolut. One bad feed can briefly flash a fake crash on tens of millions of phones at once.
EU watchdogs are already looking harder at crypto price data under MiCA.
Events like this one tend to push that focus along faster.
Revolut has fixed the data feed for now.
Trust in retail crypto apps is harder to patch.
How To Use ChatGPT & Claude To Research Stocks Like A Pro
Save my seat →You’re in!
Make sure to check your inbox for the first email.
Before you go
We’re hosting our first ever livestream on how investors can use ChatGPT & Claude to invest like a pro. It’s on 11/17 and is hosted by our CEO Jaspreet Singh.
Click here to join →
