Revolut users this week reported a jarring sight on the app: Bitcoin trading at $0.02. The platform-specific glitch lasted only minutes, but it was enough to flood social media with screenshots and confusion. Experts say the cause was likely a data feed error or a momentary liquidity gap — not a real market collapse.
What users saw
On Saturday, May 9, users on Revolut’s crypto trading feature saw Bitcoin’s price plummet to two cents. For a few minutes, the display showed buy and sell orders at that level. Some panicked, others tried to buy the “dip.” But the price quickly snapped back to market levels near $60,000. The anomaly was isolated to Revolut; other exchanges showed no such move.
What likely caused it
Crypto market data is fed from multiple exchanges, and glitches aren’t unheard of. This one, according to observers, points to either a corrupted data feed from a single source or a thin order book on Revolut’s internal liquidity pool. A small trade at an extreme price can, in a low-liquidity environment, appear as the market price. That’s likely what happened here — a misread, not a real crash.
The company hasn’t publicly addressed the incident as of press time. No official explanation, no reassurance. That silence is the bigger story for now.
What comes next
Revolut has not issued a statement or a post-mortem. Users are left guessing whether their orders were executed at the glitched price or rejected. For a platform that holds millions of retail crypto accounts, the lack of a quick clarification is itself a problem. The real question: will Revolut confirm the cause, or will this become another quiet fix buried in release notes?
