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Revolut Users Receive Faulty Bitcoin Price Alert Showing BTC Near Zero

Revolut says a third-party provider failure briefly caused false crypto prices and alerts across multiple assets, while CoinMarketCap, CoinGecko, and derivatives markets showed no comparable market move.

BTC
USDT
SOL

Fact Check
The claim is well-supported by multiple independent sources. The CoinDesk article ('Bitcoin shows 2-cent price on Revolut as users report apparent BTC display glitch') directly confirms that Revolut users briefly saw BTC at approximately $0.02 on May 8, 2026, while the global market remained near $79,000. The specific price of $0.019916 is corroborated by the @DegenerateNews X post. Multiple other X posts from the same date share screenshots and commentary consistent with the claim. The claim's caveat that Revolut had not confirmed whether any trades executed at the abnormal level is also accurate per CoinDesk's reporting. The only minor uncertainty is the exact global market price at the moment of the glitch (the claim says 'near $79,000'; CoinDesk references ~£58,600 as the corrected Revolut price, consistent with a ~$79,000 USD equivalent), which is consistent. No conflicting evidence was found.
Summary

Revolut users briefly saw erroneous crypto prices and alerts on May 8, 2026, including Bitcoin shown at about $0.02 in push notifications and around $39,900 on a distorted 24-hour chart. Users also reported simultaneous false drops in XRP, Solana, USDT, and USDC, suggesting the issue affected multiple assets rather than Bitcoin alone. Revolut said engineers were working on the problem and later confirmed it had been resolved, attributing the disruption to a failure at an unnamed third-party pricing provider. Market data on CoinMarketCap, CoinGecko, and derivatives platforms showed no matching crash, indicating the anomaly was isolated to Revolut’s app. Ranveer Arora of Altura.trade said a corrupt data tick was the more likely cause than a transient liquidity gap, given the absence of similar prints elsewhere.

Terms & Concepts
  • Bitcoin: The largest cryptocurrency by market value, traded globally across exchanges and commonly identified by the ticker BTC.
  • Third-party provider: An external service company that supplies data, infrastructure, or technical functions to another platform such as a trading or finance app.
  • Derivatives markets: Markets for financial contracts such as futures and options whose value is linked to an underlying asset like Bitcoin.