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The broader cryptocurrency market saw a considerable recovery over the past hours following yesterday’s bloodbath that came in response to Russia invading Ukraine. Bitcoin managed to recover about $4,000 of its value, but it appears that popular retail trading platform Robinhood went through some challenges in this regard.
Several people took it to Twitter today to reveal that the price of bitcoin flash-crashed towards $35K on the popular retail trading platform Robinhood.
Wtf is going on with #Bitcoin on Robinhood? 😂 pic.twitter.com/ELYmG3PyBm
— Nebraskangooner (@Nebraskangooner) February 25, 2022
This came as a surprise to many because, at the same time, BTC was trading above $38K on all cryptocurrency exchanges, painting a gap of roughly 10%. Some people even started considering arbitration opportunities, but the discrepancy was quickly resolved. Robinhood’s official support account on Twitter revealed that the issue was simply an “incorrect display price” and that it went on for about an hour:
The Robinhood app experienced a temproary issue that led to an incorrect display price for crypto for an hour at 6:50 pm PT. The issue is now resolved. Some customers may have unfilled market orders due to this display issue. We apologize for any inconvenience caused.
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