Some Revolut users saw Bitcoin briefly showing well below market prices on Friday, with the app’s charts showing a sudden drop before falling back near prevailing levels, in what appeared to be a price display issue or liquidity-related dislocation.
Revolut’s official bitcoin page shows that BTC briefly marked around £29,414 on Revolut’s one-day chart before returning near £58,600. Other social media posts claimed that the app showed even lower prints, including near-zero prices as low as 2 cents, although CoinDesk could not independently verify those levels or confirm whether any trades were actually executed there.
The issue seemed isolated as no exchange on the lists tracked by CoinGecko and CoinMarketCap showed any anomaly in the bitcoin price. It is trading just over $79,000 in Asian afternoon hours on Friday.
Revolut had not responded to a request for comment from CoinDesk at the time of publication.
Some X users claimed that buy orders had been executed during the outage, but those reports remain unconfirmed. If the transactions were completed, Revolut would likely have to determine whether the prints reflected legitimate liquidity, outdated quotes, a routing issue, or a pricing error on the platform.
Fast moves in cryptographic applications can occur for several reasons. A display error can show an incorrect price without actual market execution. Low liquidity at a specific venue or internal pricing line can also produce sharp wicks if an order sweeps a shallow book.
In other cases, market makers briefly withdraw quotes, spreads widen, and apps that rely on aggregated feeds may show prices that don’t match deeper global markets.
Cryptocurrencies have seen similar isolated dislocations before. Bitcoin briefly printed well below the market on Binance’s USD1 pair in December in a move linked to a thinly traded pair rather than a broader sell-off. South Korean stocks also suffered strong local shocks during the impact of martial law in the country in 2024, when activity surged and local order books briefly detached from global prices.
