- Revolut briefly showed Bitcoin near $0.02, causing concern among crypto app users.
- The platform traced the false Bitcoin price alert to a third-party data provider problem.
- The glitch did not affect trades, user balances, customer funds, or the crypto market.
A false Bitcoin price alert on Revolut triggered concern among crypto users after the app briefly showed BTC trading near $0.02. The display error appeared in charts and push notifications, although Bitcoin continued to trade near $80,000 at the time of the incident.
Screenshots of the alert spread across X soon after the glitch appeared. One user shared a notification from Revolut that said, “BTC reaches a 52-week low. The price of BTC has dropped to $0.02.”
Revolut Bitcoin Glitch Traced to Third-Party Provider
The alert caused concern because it suggested a major Bitcoin crash. However, the price shown inside the app did not reflect real market conditions. Bitcoin was not trading near zero on major exchanges during the incident.
Revolut later confirmed that the issue came from a third-party service disruption. The company said the problem affected inaccurate pricing on its platform and had already been fixed.
A spokesperson said the pricing issue had been rectified and that the app was again showing market conditions correctly. The company also said the disruption was limited to price displays and notifications.
The error did not affect trading execution, user balances, or customer funds. Reports also noted that the wider cryptocurrency market was not affected by the incorrect price feed.
Revolut Bitcoin Glitch Shows Data Risks
The glitch appeared for only a short period. Still, it gained attention because many traders use app alerts to track fast market moves. A false notification could influence sentiment, even when no real market crash has occurred.
The incident came after Revolut secured a full UK banking license last month. The approval followed the removal of earlier conditions attached to the license.
The fintech firm first applied for the license in 2021. UK authorities granted a conditional license in July 2024, allowing limited testing with selected clients.
With full approval, Revolut could now offer wider banking services to UK customers, including deposits. The license marks an important step in the company’s expansion.
The Bitcoin price error also showed how third-party data issues could affect trading platforms. Revolut depends on external providers for market data, liquidity, and order execution.
The company said pricing had been restored after the disruption. The incident also reminded users to verify market prices from several reliable sources before making trading decisions.
Related: Bitcoin Price Eyes $90K as Daily 21 MA Keeps Uptrend Intact
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