Some Revolut users saw Bitcoin briefly show well below market prices on Friday, with app charts showing Bitcoin suddenly plummeting before rising back to near prevailing levels in what appeared to be a pricing display issue or a liquidity-related dislocation.
Revolut’s official Bitcoin page shows that BTC briefly stalled around £29,414 on Revolut’s single-day chart before moving back to around £58,600. Other social media posts claimed the app showed even lower print volumes, including near-zero prices as low as 2 cents, although CoinDesk was unable to independently verify those levels or confirm whether any trades were actually executed.
“Earlier today, a service outage by a third-party provider resulted in inaccurate pricing on our platform,” a Revolut spokesperson told CoinDesk. “We can confirm that the issue has been corrected and pricing now reflects market conditions. We are evaluating the details of the outage.”
The issue appears to be isolated, as no exchanges on the lists tracked by CoinGecko and CoinMarketCap show any Bitcoin price anomalies. As of Friday’s Asian afternoon session, it was trading at just over $79,000.
Some users on X claimed to have executed buy orders during the outage, but these reports have not been confirmed. If a trade is completed, Revolut may have to determine whether the printed results reflect legitimate liquidity, outdated quotes, routing issues, or platform-side pricing errors.
There can be several reasons for flash movement in cryptographic applications. Display glitches may display incorrect prices without actual market execution. Thin liquidity in a particular venue or internal pricing track can also create sharp shadows if orders sweep through the thin books.
Altura co-founder and CEO Ranveer Arora told CoinDesk in a message that “Revolut’s liquidity depth is limited compared to a full exchange, and if a large enough sell order gets filled on a thin order book at the wrong time, it could exhaust all available bids before the price recovers, bringing it down to that level.”
In other cases, market makers briefly pull quotes lower, spreads widen, and applications that rely on aggregated sources may show prices that don’t match the deeper global market.
Cryptocurrencies have experienced similar isolated dislocations before. Bitcoin prices on Binance’s $1 currency pair were briefly well below market levels in December, a move related to the thinly traded pair rather than a broader sell-off. South Korean exchanges also saw severe local fallout during martial law in 2024, as activity surged and local order books briefly detached from global prices.