Some users ofĀ RevolutĀ reported anomalous behaviorĀ in the British fintech’s app:Ā bitcoin’s price appeared briefly well below global market levels.Ā Several screenshots showed values as low asĀ 2 centsĀ before normalizing and returning to real prices.
The platform’s official daily chartĀ registered BTC at around Ā£29,414Ā before returning to approximately £58,600, although the more extreme levels reported on social media could not be verified.
The anomaly was completely isolated.Ā No exchange listed by CoinGecko or CoinMarketCap recorded any movement during the same period. Bitcoin was trading just above $79,000. Revolut made no comments regarding the episode.
Some users on XĀ claimed to have executed buy ordersĀ during the disruption, although those reports have not been confirmed. RevolutĀ operates with shallower liquidity depth than a conventional exchange.Ā A sufficiently large sell order on a thin order book could haveĀ exhausted the buy offersĀ down to that level before the price recovered. It is also possible that this wasĀ a display error with no actual execution, orĀ a routing issueĀ in the platform’s internal pricing layer.
Source:Ā https://x.com/i/trending/2052659948878999732
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