Users of the neobank Revolut encountered a startling glitch earlier this week when the app displayed Bitcoin's price at just $0.02. According to a report by CoinDesk, screenshots shared on social media confirmed the erroneous price for a brief moment before the display reverted to normal levels. The incident occurred while major exchanges like Binance and Coinbase consistently quoted Bitcoin near $79,000, as verified by CoinGecko and CoinMarketCap.
There is no evidence that any trades were executed at the glitched price. Revolut has not yet released an official statement or clarified whether automated trading features could have triggered unintended transactions. The isolated nature of the event—with no corresponding dip on other platforms—indicates a technical display error rather than a genuine market crash.
Revolut, a London-based fintech, has rapidly expanded its crypto offerings, allowing users to buy, sell, and hold digital assets. However, this is not the first technical hiccup; the platform has experienced outages during periods of high volatility. The latest glitch underscores the importance of cross-checking prices on other sources before trading, especially for users relying on automated tools.
The incident has no direct impact on Bitcoin's market price, but it may erode user confidence in Revolut's crypto infrastructure. As fintech apps integrate more volatile assets, maintaining accurate real-time data becomes critical to avoid potential financial disputes.
