On May 8, Revolut users widely received push notifications showing Bitcoin had fallen by more than 50%. For several minutes, the coin’s price inside the app dropped to $0.02, sparking panic and a flood of discussion across the crypto community.
Revolut said the incident was caused by a malfunction involving a third-party data provider. The issue affected price displays and alerts, but it did not impact Bitcoin’s actual market price, which remained around $80,000. The company has not reported any cases of users losing assets.
Screenshots from the app quickly spread across Reddit and other platforms. Some traders said they saw Bitcoin priced at $0.02 and even tried to place buy orders at that level. Others reported stop-losses being triggered and alerts for a 52-week low. The issue lasted about 15 minutes before prices returned to normal.
How Events Unfolded
Users in the r/btc community shared their reactions in real time. Some panicked over their portfolios, while others laughed it off and joked that it was the ultimate buying opportunity. Although some traders claimed their low-price buy orders were executed, Revolut later adjusted those transactions to reflect actual market levels.
The incident did not affect Bitcoin alone. Similar glitches also appeared for other coins inside the app. Experts linked this to an error in Revolut’s data feed or temporarily low liquidity in its internal pricing system, rather than any real market movement.
Revolut has already said its teams are working to fully address the issue. At the time of publication, users reported that normal price displays had been restored.
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