Traders on Robinhood were perplexed last evening by what appeared to be a significant decrease in the price of bitcoin on the trading app.
Users were able to submit orders to acquire bitcoin at roughly $34,500 on the evening of February 25 Pacific Time (PT), around $4,000 less than the current market rate of $38,500 at the time of writing.
According to a source familiar with the matter, none of those directives have been carried out.
After an hour, at 6:50 p.m. PT, Robinhood issued a statement on Twitter explaining that the app experienced a temporary issue. Of course, that resulted in an incorrect display price for crypto.
According to the same statement by Robinhood , The issue has already been fixed. However, customers who attempted to execute trades during that time were left with unfilled orders.
Users on Twitter were quick to point out the abrupt. Then, and unexplained drop in Robinhood’s bitcoin quote compared to other crypto apps and exchanges. That’s, with some also expressing frustration that their orders hadn’t been delivered.
Over the last week, the price of the world’s largest cryptocurrency has swung dramatically between $34,500 and $39,500. Of course, with some blaming the recent volatility on Russia’s invasion on Ukraine.
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