Revolut reports Bitcoin quote glitch, anomaly from independent platform data source

Odaily Planet Daily reported that financial platform Revolut experienced an abnormal crypto asset price display. Users briefly saw Bitcoin drop to around $39,900, and some push notifications even indicated BTC had hit a 52-week low of $0.02. Other coins such as XRP, SOL, USDT, and USDC simultaneously showed false sharp declines. This price anomaly was limited to the Revolut platform; external data sources like CoinGecko and CoinMarketCap, as well as major exchanges, showed no corresponding fluctuations, and the issue was quickly resolved on its own. The platform officially acknowledged a technical glitch in some functions and has deployed a team for emergency investigation and repair. Industry analysis suggests the glitch likely stemmed from an erroneous data feed, though the possibility of shallow liquidity causing sudden price jumps cannot be ruled out. The incident also highlights how, under the fragmented infrastructure of crypto price data, a single abnormal data point can easily mislead retail investors' price judgments. (Cointelegraph)