Bitcoin price briefly plunges on Revolut app

Some Revolut users saw Bitcoin prices crash to as low as 2 cents on Friday before quickly recovering. The incident appeared isolated to the platform and did not affect major exchanges.

Revolut users reported seeing bitcoin prices plunge far below market levels on Friday. Screenshots showed values dropping to around 2 cents or $39,900 before snapping back to near £58,600 on the app's charts. The anomaly occurred during Asian afternoon hours when bitcoin traded just over $79,000 on global markets tracked by CoinGecko and CoinMarketCap.

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Illustration of Bitcoin price dropping below $68,000 on a trading floor amid US-Iran tensions, with falling charts and worried traders.
Bild generiert von KI

Bitcoin drops below $68,000 amid US-Iran tensions

Von KI berichtet Bild generiert von KI

Bitcoin's price has fallen below $68,000 as escalating US-Iran conflicts drive volatility in cryptocurrency markets. The drop follows a US-Israel attack on Iran and recent statements from leaders on both sides, compounded by weak US jobs data. Other major coins like Ethereum and XRP have also declined.

Der Bitcoin-Preis fiel am 24. Februar 2026 um mehr als 5 Prozent stark ab und erreichte 62.964,64 US-Dollar. Der Rückgang wurde durch Investoren ausgelöst, die sich von riskanten Assets abwenden, inmitten globaler geopolitischer Spannungen und Risiken durch Importzölle. Analysten beschreiben diese Korrektur als allgemeine Anpassung des Risikosentiments, nicht als krypto-spezifisches Problem.

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Bloomberg Intelligence strategist Mike McGlone has cautioned that bitcoin's recent slide may indicate broader financial stress and a potential U.S. recession. He predicts the cryptocurrency could drop to $10,000 as the post-2008 'buy the dip' era ends amid high stock valuations and low volatility. Market analyst Jason Fernandes views such a steep decline as a low-probability event requiring a severe credit shock.

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Bitcoin drops amid geopolitical tensions and market fear

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