Revolut Bitcoin price briefly "flash crashes" to $0.02, likely due to display or liquidity glitch
According to Svmuu, some Revolut users briefly saw the price of Bitcoin (BTC) on Friday within the app significantly lower than global market levels. The K-line chart showed the price plummeting instantly before quickly returning to normal ranges, with the lowest quote captured in screenshots being around $0.02. No similar anomalies were observed on major exchanges tracked by CoinGecko and CoinMarketCap, with BTC trading around $79,000 during the same period. Revolut has not yet responded to whether any real trades were executed at the abnormal price. If trades did occur, the platform may need to determine whether the cause was actual liquidity matching, quotation routing issues, or a front-end price display error. Industry insiders said that insufficient liquidity depth, temporary withdrawal of market maker orders, or disruption of price feed sources could all lead to extreme "flash crash" scenarios on a single platform. (CoinDesk)
Source:Odaily · Source Link
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