The Value of Bitcoin Dropped to 2 Cents on a Cryptocurrency Exchange

A notable price anomaly occurred in the cryptocurrency market. On the UK-based fintech platform Revolut, the price of Bitcoin briefly dropped to approximately $0.019.

According to screenshots shared by users on the social media platform X, the Bitcoin price appeared to some users today as just a few cents.

The incident at Revolut, which has over 70 million global users, was reported to be very brief, with prices quickly returning to normal levels. Users speculated that the event may have been caused by a display error, a sudden price deviation due to liquidity, or an order book error.

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On the other hand, the price data on Revolut’s official website presented a different picture than what X users shared. According to the data on the platform, the Bitcoin price fell below the $39,900 level around 10:15 AM Turkish time on May 8th. However, this drop was quickly reversed.

There has been no official statement so far regarding whether any users have purchased Bitcoin at these unusually low prices.

*This is not investment advice.

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