Revolut briefly showed Bitcoin at $0.02 inside its app, far from the roughly $79,000 seen on other exchanges at the time. The malfunction also distorted prices for XRP, Solana, and stablecoins including USDC and USDT, with some dollar-pegged tokens appearing to trade for only a few cents. Revolut said its engineers stepped in within minutes and restored normal pricing.
Company traced the issue to an external data source
A spokesperson for Revolut said the disruption originated with a third-party data provider and that a detailed review was still underway. According to the company, the source of the glitch has been identified, and users’ access to accurate market data was restored quickly after the fault was detected. Revolut added that platform functionality had returned to normal.
Dave Flowman, described in the report as an analyst tracking software outages and crypto market volatility, said the event did not reflect a real market sell-off. He said that even though Revolut charts appeared to show a 50% drop, actual market prices were unchanged and the episode was only a display error on the platform.
Prices on the app diverged sharply from the market
During the faulty pricing window, Ethereum was shown below $2,200, Solana near $85, and XRP around $1.25. Those readings were well below prevailing market levels and were only visible inside Revolut’s app.
Some users also said they received incorrect alerts claiming Bitcoin had hit a 52-week low. Investor Jordan Kerridge commented that price gaps like that could look like buying opportunities, but Revolut later stated that no trades were completed at those mistaken prices. The report said internal safeguards in the company’s software blocked transactions tied to erroneous quotes, preventing potential financial damage.
Users saw portfolio values plunge on screen before the fix
The incident drew attention across Europe as users watched their portfolio values appear to collapse and debate spread on social media. The cause, according to the report, was not a broader market move but a disruption in the data feed supplied to Revolut.
After technical repairs, the app updated Bitcoin and other crypto prices to reflect actual market levels again. Revolut repeated that no buy or sell orders were executed using the bad prices. Analysts cited in the report said the episode showed how dependence on centralized apps and data providers can expose users to sudden operational risk.