Bitcoin Price Crashes Near Zero on Revolut, Blamed on Third-Party Service Disruption
Revolut users experienced a brief glitch where Bitcoin’s price appeared near zero, with some receiving notifications it had dropped to $0.02—a 52-week low. The issue occurred for several minutes around 7:45-7:50 GMT+1 due to a disruption from a third-party service provider, according to Revolut. The company states the problem has been fixed and pricing now reflects actual market conditions. Throughout the incident, Bitcoin traded normally on other major exchanges, with no corresponding price collapse on platforms like CoinGecko, CoinMarketCap, or Coinbase. Some users expressed confusion or humor on social media in response to the pricing error. Other cryptocurrencies, such as Ethereum and XRP, also showed anomalous drops on Revolut during the same period, though not as severe. Revolut, which serves millions in Europe and offers both banking and crypto trading services, is expanding digital asset options and has applied for a U.S. banking license. The company is reportedly targeting a $200 billion IPO valuation but does not expect to go public before 2028.
