Revolut users report Bitcoin price glitch showing BTC at 2 cents
Revolut users experienced a platform-specific glitch displaying Bitcoin at 2 cents and showing extreme price drops across multiple cryptocurrencies Friday. The anomaly, caused by third-party provider service disruption, didn't reflect broader market prices on exchanges or derivatives platforms. Experts attribute it to corrupted data feeds rather than actual market movement, highlighting fragility in fragmented crypto pricing infrastructure for retail traders.
Coins in this story
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Bitcoin Price Crashes Near Zero on Revolut, Blamed on Third-Party Service Disruption
Bitcoin briefly crashed near zero on Revolut's platform due to a third-party service disruption, causing display errors for affected users. The glitch highlighted infrastructure vulnerabilities in crypto trading apps. No actual transactions were compromised, but the incident underscores risks when platforms depend on external data providers. Markets remained stable despite the technical failure affecting user confidence momentarily.
ECB’s Lagarde Pushes Back on Euro Stablecoins, Warns of ‘Structural Weaknesses’
ECB President Christine Lagarde warned against euro stablecoins, citing structural weaknesses that could threaten financial stability. She emphasized regulatory concerns about private digital currencies operating within eurozone markets. The pushback signals Europe's cautious stance on stablecoin adoption, potentially impacting institutional crypto participation. For Indian investors tracking global regulatory trends, this reflects broader central bank skepticism limiting mainstream cryptocurrency integration across developed economies.