Some Revolut users saw bitcoin briefly appear well below market prices on Friday, with app charts showing a sudden dip before falling back near prevailing levels in what appeared to be either a price display issue or a liquidity-related dislocation.
Revolut’s official bitcoin page shows that BTC was briefly marked around £29,414 on Revolut’s one-day chart before returning near £58,600. Other posts on social media 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 problem appeared isolated, as no exchange on lists tracked by CoinGecko and CoinMarketCap showed any bitcoin price anomaly. It is trading just over $79,000 as of afternoon Asian hours on Friday.
Revolut had not responded to a CoinDesk request for comment by the time of publication.
Some users on X claimed that buy orders were executed during the outage, but these reports remain unconfirmed. If trades were filled, Revolut would likely have to determine whether the prints reflected legitimate liquidity, out-of-date rates, a routing issue or a pricing error on the platform side.
Flash movements in crypto apps can happen for several reasons. A screen error can show an incorrect price without actual market execution. Thin liquidity in a particular venue or internal price rail can also produce sharp wicks if an order sweeps through a low book.
In other cases, market makers pull short supply, spreads widen, and apps that rely on aggregate feeds can show prices that don’t match deeper global markets.
Crypto has seen similar isolated dislocations before. Bitcoin was 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 selloff. South Korean exchanges also saw sharp local wicks during the country’s 2024 martial law push as activity picked up and local order books briefly broke from global prices.
