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Bitcoin “Flash Crashes” to $0.02, What Exactly Happened in the Crypto Market?

Bitcoin “Flash Crashes” to $0.02, What Exactly Happened in the Crypto Market?

TradingKey – Revolut platform glitch caused Bitcoin prices to crash to $0.02; no panic was triggered, but it is essential to remain alert to the risks of such events.

According to Cointelegraph ‘s report on May 8, Bitcoin ( BTC) prices on the financial app Revolut briefly plunged below $40,000, and some users received price alert notifications—Bitcoin hit a 52-week low of $0.02. In addition, other cryptocurrency prices also saw sharp declines, with Ether ( ETH) falling below $2,200, Solana ( SOL) dropping to around $85, and Ripple ( XRP) falling to around $1.25.

Despite the price crash of these cryptocurrencies on Revolut, there were no corresponding fluctuations on platforms such as Coinbase ( COIN ), Binance ( BNB) and other platforms….

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