Some Revolut users briefly saw bitcoin quoted far below the broader market on Friday, with the app’s chart showing a sharp drop before snapping back. Revolut’s official bitcoin page showed BTC briefly marked near £29,414 on its one-day chart, then returning to around £58,600. Posts on social media went even further, claiming the app displayed prices close to zero, including levels as low as 2 cents, though those prints were not independently verified and there is no confirmation that any trades were actually executed there.
Revolut says a third-party outage caused bad pricing
A Revolut spokesperson told CoinDesk that a service disruption at a third-party provider caused inaccurate pricing on the platform earlier in the day. The company said the issue has been fixed and that displayed prices are now aligned with market conditions. It is still reviewing the details of what happened.
The disruption appeared limited to Revolut. No bitcoin anomaly was visible on exchanges tracked by CoinGecko or CoinMarketCap, and BTC was trading above $79,000 during Asian afternoon hours on Friday.
Reports of filled orders remain unconfirmed
Some users on X said buy orders were filled during the pricing event, but those claims have not been verified. If any trades did go through, Revolut would need to determine whether they reflected legitimate liquidity, stale quotes, a routing problem, or an internal pricing error.
There are several ways a crypto app can show this kind of move. In one case, a display issue posts the wrong number on screen while no real execution takes place. In another, thin liquidity on a specific venue or internal pricing rail can produce a sudden wick if an order sweeps a shallow book.
Thin books can create sharp dislocations
Ranveer Arora, co-founder and CEO of Altura, said Revolut operates with less liquidity depth than a full exchange. In his view, if a large enough sell order hit a thin order book at the wrong moment, it could consume available bids down to extreme levels before the price recovered. He presented that as one possible explanation, not a confirmed cause.
There is also the case where market makers briefly pull quotes and spreads widen, leaving apps that rely on aggregated feeds showing prices out of line with deeper global markets. Crypto has seen similar isolated moves before. The report pointed to bitcoin briefly trading far below market on Binance’s USD1 pair in December, tied to a thinly traded pair rather than broad selling. South Korean exchanges also saw sharp local wicks during the country’s 2024 martial-law shock, when activity surged and local order books temporarily diverged from global prices.