Odaily Planet Daily reports: Financial platform Revolut experienced an anomaly in cryptocurrency pricing, briefly displaying Bitcoin dropping to approximately $39,900 on user interfaces, with push notifications falsely indicating BTC had hit a 52-week low of $0.02. Other assets including XRP, SOL, USDT, and USDC also showed false, sharp declines. This price anomaly was confined solely to Revolut’s platform; external market data sources such as CoinGecko and CoinMarketCap, as well as major exchanges, showed no corresponding fluctuations. The issue resolved itself shortly thereafter. Revolut acknowledged a technical malfunction in certain functions and has dispatched a team to urgently investigate and resolve the problem. Industry analysts believe the incident was most likely caused by an erroneous data source, though it cannot be ruled out that low liquidity conditions triggered a price spike. The event highlights how fragmented crypto market infrastructure makes it easy for a single anomalous data point to mislead retail investors’ price perceptions. (Cointelegraph)
Revolut Experiences Bitcoin Price Glitch, Platform-Exclusive Data Anomaly
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Summary
Revolut users observed a Bitcoin price glitch on Monday, with the app briefly displaying BTC dropping to $39,900 and sending push notifications claiming a 52-week low of 2 cents. XRP, SOL, USDT, and USDC also experienced false price declines. The anomaly was confined to Revolut, as external platforms such as CoinGecko and CoinMarketCap showed no changes. The company confirmed a technical issue and is addressing it. Analysts suspect a faulty data source or thin liquidity caused the error, underscoring vulnerabilities in crypto market infrastructure. While Bitcoin price predictions remain active, this incident highlights the need for deeper market integration.
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