Some Revolut users received notifications claiming Bitcoin had reached a 52-week low at $0.02 Thursday morning. The erroneous price display lasted only moments between 7:45 and 7:50 GMT+1, according to user reports. A Revolut spokesperson told Decrypt that the pricing error was due to an issue with an as-yet-unspecified third-party service provider.
"Earlier today, a service disruption at a third-party provider resulted in inaccurate pricing on our platform,” they said. “We can confirm that this issue has been rectified and pricing is now reflecting the market conditions. We are in the process of evaluating the details of the disruption."
While Revolut displayed Bitcoin at near-zero prices, the cryptocurrency continued trading normally on major exchanges and showed no disruptions on prominent price trackers. CoinGecko, CoinMarketCap, and Coinbase data showed no dramatic change to Bitcoin's actual market price during the incident window.
Following the incident, some users took to social media to share concern, while others poked fun at the error—and the apparent opportunity such a plunge would create.
Revolut, which offers crypto trading alongside traditional banking services to millions of users across Europe, has expanded its digital asset offerings in recent years.
