Revolut Alerts Users to Bitcoin Crash to $0.02
A pricing system error in Revolut this morning showed Bitcoin dropping to $0.02, even though its actual market value was around $79,800.
Summary
- Revolut displayed BTC at $0.02 on May 8.
- BTC, SOL, and XRP were affected.
- CoinGecko and CoinMarketCap continued showing normal prices.
- Revolut has not yet provided an official explanation.
What Happened and What the Chart Shows
Earlier this morning, Revolut’s platform displayed Bitcoin at a price of $0.02 – a drop of more than 99.99% compared to its real market value of $79,800.
At the same time, the app sent notifications to many users warning that BTC had reached a “52-week low.”
The chart inside the app indicates that no real market crash occurred. Instead of a normal price movement, it showed a single sharp drop followed by an immediate recovery back to around $79,800. This strongly suggests the issue was related to the platform’s price display system rather than the actual market.
The problem was not limited to Bitcoin. Users also reported similar glitches affecting the charts for Solana and XRP.
Meanwhile, CoinGecko and CoinMarketCap continued displaying normal market prices, suggesting the issue was isolated entirely within Revolut’s infrastructure and did not affect the broader crypto market.
Visual Bug or Pricing System Failure?
So far, the incident has been described as a visual interface issue.
However, that explanation leaves several important questions unanswered.
A purely visual bug should not automatically trigger notifications about a “52-week low.” This means the problem extended beyond the user interface and affected at least the notification system as well.
If stop-loss orders were triggered during the incident, then the issue may no longer be considered just a visual bug, but potentially a deeper problem within the pricing system itself.
What Still Remains Unclear
As of now, Revolut has not released an official explanation regarding the cause of the issue.
The company has also not confirmed whether any transactions were affected or whether any trades will be reviewed, reversed, or compensated.
READ MORE: Bitcoin’s Path to $1 Million Backed by Adoption Trends, VanEck Argues
The absence of an official statement hours after an incident that triggered mass notifications is becoming a significant detail in itself.
In cases involving purely visual glitches, companies usually respond quickly and clearly confirm that there was no financial impact on users.
The delay here suggests two possible scenarios: either the investigation is still ongoing, or the scale of the issue is larger than initially expected.
The most important question is no longer why BTC briefly appeared at $0.02, but whether the incorrect price affected the actual execution of trades.
Confirmation that the issue was limited strictly to visual display would require an official statement from Revolut clearly explaining the cause of the error and confirming that no orders were executed based on the incorrect prices.
The opposite scenario would be for the company to confirm that some orders were affected – or to continue remaining silent regarding compensation and executed trades.
In that case, the incident could escalate from a technical glitch into a regulatory and financial issue with real consequences.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Kosta Gushterov
Reporter at CoinsPress
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
