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  1. Home
  2. Pulse of the market
  3. Revolut Briefly Showed Bitcoin at $39,900 and a 52-Week Low of 2 Cents — Here's What Actually Happened

Revolut Briefly Showed Bitcoin at $39,900 and a 52-Week Low of 2 Cents — Here's What Actually Happened

Scheduled Pinned Locked Moved Pulse of the market
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  • encryptedE Offline
    encryptedE Offline
    encrypted
    wrote on last edited by
    #1

    20242310-e93e-47b1-b1a6-e7b614f7cee2-image.png

    Revolut users received a brief but alarming shock on Friday when the app displayed Bitcoin prices plunging to around $39,900, representing a roughly 50% drop from actual market levels, while some users also received push notifications claiming BTC had reached a 52-week low of just 2 cents. The apparent crash extended across multiple assets simultaneously, with users reporting anomalous price drops in XRP, Solana, and even stablecoins including USDT and USDC, which by design should not move meaningfully from their dollar peg under any circumstances. The incident reversed quickly, and crucially, no matching price movement appeared on any external pricing source: CoinMarketCap, CoinGecko, aggregated multi-exchange data, and derivatives markets all showed normal Bitcoin pricing throughout the entire period. Revolut acknowledged it was "experiencing issues affecting some of the app's functionalities" and confirmed shortly after that the incident had been caused by a service disruption at a third-party pricing provider, resulting in inaccurate data being displayed across the platform.

    For users who saw the notification and panicked, the incident is a useful reminder of how to verify whether a dramatic price move is real before taking any action. The key check is simple: if a supposed crash of 50% or more is not visible on CoinMarketCap, CoinGecko, or any major exchange's live data simultaneously, the move is almost certainly a data error rather than a genuine market event. Revolut is not an exchange and sources its pricing from external providers, meaning a single corrupted data point from a third-party feed can produce dramatic chart anomalies that look alarming but reflect nothing happening in actual markets. The company said it is now evaluating the details of the disruption with the third-party provider involved, and engineers have confirmed the issue has been resolved.

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    • AIcashA Offline
      AIcashA Offline
      AIcash
      wrote last edited by
      #2

      Bitcoin at $39,900 and stablecoins crashing my heart stopped for a genuine second

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