Revolut Bitcoin Price Error Sparks User Concern
- Data Provider Malfunction: On Thursday morning, Revolut briefly displayed Bitcoin at $0.02, while actual market rates hovered between $79,000 and $80,000, indicating a significant disruption from a data provider that caused user concern, although trading functionality remained unaffected.
- Duration of the Glitch: The error occurred between 7:45 and 7:50 GMT+1, lasting approximately five minutes, quickly gaining attention on social media as automated price alerts reached users' devices, leading to widespread confusion.
- Scope of Impact: The glitch affected not only Bitcoin but also multiple other digital assets, with Revolut confirming that the issue stemmed from a technical failure at an external service provider, while trading activity remained normal on platforms like Coinbase.
- Regulatory Context: This incident followed closely after Revolut secured full UK banking authorization, and despite reporting £3.1 billion in revenue for 2024, the company faces regulatory challenges, including fines from Italian and Lithuanian authorities, highlighting compliance issues.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0197 | 0.038 | 0.0535 | 0.0718 | 0.0873 | 0.106 | 0.121 |
| Fibonacci | 0.038 | 0.0509 | 0.0589 | 0.0718 | 0.0847 | 0.0926 | 0.106 |
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