Bitcoin price briefly plunges on Revolut app

Kiswahili

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

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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.

Bitcoin drops to US$62,000 due to global sentiment pressures

Bitcoin's price fell sharply by more than 5 percent on February 24, 2026, reaching US$62,964.64. The drop was triggered by investors shying away from risky assets amid global geopolitical tensions and import tariff risks. Analysts describe this correction as an overall risk sentiment adjustment, not a crypto-specific issue.

Bloomberg analyst warns bitcoin could fall to $10,000

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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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