Bitcoin Drops To 2 Cents! Revolut Users Report | Crypto News
A 3rd-party supplier failure brought on Revolut’s app to show wildly inaccurate crypto costs on Friday, the company confirmed, after customers flooded social media with screenshots of Bitcoin listed at just 2 cents.
Third-Party Provider Blamed For Pricing Chaos
Revolut acknowledged the issue in a public assertion, saying engineers have been working on a repair and urging clients to examine its standing web page for updates.
Hi. We need to help resolve the problems you’re dealing with with the Bitcoin price notification. We’re at present experiencing points affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we converse. Please keep an eye on our standing web page…
— Revolut Support (@revolutsupport) (*2*)May 8, 2026
A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed exterior pricing supplier.
The company said it was still evaluating the full particulars of what went improper.
UPDATE: It wasn’t just Bitcoin.
Multiple cash on Revolut appeared to flash-crash/glitch at the same time.Looks like a pricing/chart glitch — but for a few seconds, everybody thought they found the largest crypto low cost of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor
— Dave Flowman (@_btcd) May 8, 2026
The glitch wasn’t restricted to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — property designed to maintain regular at one greenback.
Screenshots shared on X and Reddit confirmed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring close to $39,900 before snapping back.
Some customers also obtained push notifications warning that BTC had hit a 52-week low of 2 cents.
According to Revolut, The price of Bitcoin has just dropped to $0.02
I suppose its time to buy! pic.twitter.com/YIbwBGrkeT
— That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026
No Matching Moves On Any Other Platform
Pricing data on major aggregators confirmed nothing uncommon during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held regular, with no signal of any crash in derivatives markets either. The anomaly appeared totally contained within Revolut’s app.
Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.commerce, told reporters two explanations are in play.
The first is a corrupt data tick pushed through Revolut’s pricing system — a single unhealthy data level that briefly anchored the chart before being corrected.
Because Revolut just isn’t an exchange and pulls costs from exterior suppliers, one defective enter might be enough to produce precisely this variety of chart distortion.
The second risk is a transient liquidity hole. Revolut’s order ebook is shallower than what you’d discover on a full exchange, so a large promote order may theoretically exhaust out there bids and print a sharp downward wick before costs get well.
Arora famous, however, that the dearth of matching prints on any other platform makes the data feed rationalization more seemingly.
Why Retail Apps Face Unique Data Risks
Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode reveals how rapidly a single unhealthy data level can distort price notion — notably in retail-facing systems where customers might not assume to cross-check what they’re seeing.
Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure turns into central to how a lot merchants can trust what’s in entrance of them.
Transparent, verifiable data layers, he argued, are what separate a glitch from a disaster.
Featured image from Pixabay, chart from TradingView
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