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Some Revolut users reported that bitcoin prices on the app briefly plunged far below market levels on Friday before snapping back, suggesting a display or liquidity-related glitch rather than a sustained repricing of the asset.
Revolut’s official bitcoin page showed BTC briefly marked around £29,414 on the app’s one-day chart before returning near £58,600. Other social media posts claimed the app displayed 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 executed at those prices.
CoinDesk reported that no exchange listed on price trackers tracked by CoinGecko and CoinMarketCap showed a comparable bitcoin price anomaly. Bitcoin was trading just over $79,000 as of Asian afternoon hours Friday. Revolut had not responded to a CoinDesk request for comment by publication time. Some users on X claimed buy orders executed during the disruption, but those reports were unconfirmed.
If trades were filled at the displayed prices, Revolut would likely need to determine whether the prints reflected legitimate liquidity, stale quotes, a routing issue, or a platform-side pricing error.
Ranveer Arora, co-founder and CEO of Altura, told CoinDesk that one possible explanation is limited liquidity depth within Revolut’s trading setup. He said a large enough sell order could hit a thin book at the wrong moment, exhausting available bids down to that level before the price recovered.
In other cases, market makers can briefly pull quotes, spreads can widen, and apps that rely on aggregated feeds may display prices that do not match deeper global markets.
CoinDesk noted that similar isolated dislocations have occurred before. In December, bitcoin briefly printed far below market on Binance’s USD1 pair in a move tied to a thinly traded pair rather than broader selling. In 2024, South Korean exchanges also saw sharp local wicks during the country’s martial-law shock, when activity surged and local order books briefly broke from global prices.
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