Revolut experiences Bitcoin quote glitch, caused by independent platform data anomaly

Odaily reported that financial platform Revolut suddenly experienced an abnormal display of cryptocurrency asset prices. Users briefly saw Bitcoin drop to approximately $39,900, with some push notifications indicating BTC had hit a 52-week low of $0.02. Coins such as XRP, SOL, USDT, and USDC also showed false sharp declines simultaneously. This price anomaly was confined to the Revolut platform; there were no corresponding fluctuations on external data sources like CoinGecko and CoinMarketCap, nor on major exchange order books, and the issue was soon self-corrected. Revolut officially acknowledged a technical failure in some functions and has deployed a team for emergency troubleshooting and repair. Industry analysts suggest the glitch likely stemmed from a data source error, though the possibility of quote jumps caused by shallow liquidity environments cannot be ruled out. The incident also highlights how, under the fragmented infrastructure of crypto market data, a single anomalous data point can easily mislead retail investors' price judgments. (Cointelegraph)