Bitcoin Dives Below $75K for First Time in a Month as Crypto Liquidations Near $1 Billion
Bitcoin falls below $75K for the first time in a month, leading to nearly $1 billion in liquidations.
Decrypt1 min read
Bitcoin shows 2-cent price on Revolut as users report apparent BTC display glitch
TL;DR
Revolut users reported a glitch displaying Bitcoin prices as low as 2 cents, while the actual market price is around £58,600. The issue appears to be a pricing display error, with no anomalies reported on other exchanges.
Key points
- Revolut users saw Bitcoin prices drop to 2 cents
- Actual market price for Bitcoin is around £58,600
- No anomalies reported on other exchanges
Some Revolut users saw bitcoin briefly display far below market prices on Friday, with app charts showing a sudden plunge before snapping back near prevailing levels, in what appeared to be either a pricing display issue or a liquidity-related dislocation.
Revolut's official bitcoin page shows BTC briefly marked around £29,414 on Revolut’s one-day chart before returning near £58,600. Other social media posts claimed the app showed even lower prints, including near-zero prices as low as 2-cents, though CoinDesk could not independently verify those levels or confirm whether any trades were actually executed there.
The issue seemed isolated as no exchange on lists tracked by CoinGecko and CoinMarketCap showed any bitcoin price anomaly. It trades just over $79,000 as of Asian afternoon hours Friday.
Revolut had not responded to a CoinDesk request for comment by publication time.
Some users on X claimed buy orders executed during the disruption, but those reports remain unconfirmed. If trades were filled, Revolut would likely have to determine whether the prints reflected legitimate liquidity, stale quotes, a routing issue or a platform-side pricing error.
Flash moves in crypto apps can happen for several reasons. A display glitch can show an incorrect price without actual market execution. Thin liquidity on a specific venue or internal pricing rail can also produce sharp wicks if an order sweeps through a shallow book.
In other cases, market makers briefly pull quotes, spreads widen, and apps relying on aggregated feeds may display prices that do not match deeper global markets.
Crypto has seen similar isolated dislocations before. Bitcoin briefly printed far below market on Binance’s USD1 pair in December in a move tied to a thinly traded pair rather than broader selling. South Korean exchanges also saw sharp local wicks during the country’s martial-law shock in 2024 as activity surged and local order books briefly broke from global prices.
Q&A
What caused the Bitcoin price glitch on Revolut?
The Bitcoin price glitch on Revolut seems to be a pricing display issue or liquidity-related dislocation.
What was the lowest price displayed for Bitcoin on Revolut?
Some users reported seeing Bitcoin prices as low as 2 cents on Revolut, although this could not be independently verified.
How does the Bitcoin price on Revolut compare to other exchanges?
As of the reported time, Bitcoin was trading just over $79,000 on other exchanges, with no anomalies noted.
