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Revolut's app showed Bitcoin crashing to $0.02 due to a third-party service disruption on Friday. The erroneous figures appeared in push notifications and price displays across the platform. Revolut confirmed the issue stemmed from a third-party service disruption. No user assets were reported as affected, and Bitcoin traded normally on major exchanges. The alerts arrived in the early hours of Friday, prompting many users to fear a real market collapse. Screenshots circulated on social media showing price alerts and mentions of a 52-week low for Bitcoin. Some users reported seeing apparent sell orders executed at two cents, while others questioned whether automated trades had triggered during the malfunction. The issue appeared to affect price alerts, displays, and trading information tied to Bitcoin. Revolut Support acknowledged the problem on X, saying they were experiencing technical issues affecting some crypto functionalities and that investigations were underway. They reassured users that assets remained unaffected. Reactions on social media ranged from alarm to dark humor. In discussions online, investors pointed to the broader risk of pricing glitches to market sentiment. Analysts have noted that pricing errors can trigger fear and cascading liquidations in related markets. Fundstrat's Tom Lee linked past price-feed failures to sizable market drops, illustrating how a distorted price can spread across exchanges and derivatives markets. A notable example involved a temporary disruption on a single exchange triggering wider effects. Nearly two million crypto accounts were reported to be affected in similar past incidents, even when positions were profitable minutes earlier. The episode has prompted renewed scrutiny of pricing infrastructure, especially on platforms that combine trading, pricing data, and notifications.
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