Bitcoin News Update: Bitcoin Drops to $87K Amid Quantum Computing Concerns and $1.3B Whale Sell-Off
- Bitcoin fell below $87,000 on Nov. 20, 2025, driven by quantum computing fears and a $1.3B whale exit, erasing $220M in long positions. - Billionaire Ray Dalio warned of quantum risks to Bitcoin, while critics argued SHA-256 encryption outperforms traditional banking standards. - Zcash (ZEC) gained traction as a privacy-focused alternative, challenging Bitcoin's dominance amid $910M in 24-hour liquidations. - Quantum advancements by WiMi and IBM , plus projects like Bitcoin Munari, highlight evolving cry
On November 20, 2025, Bitcoin's value dropped below $87,000, highlighting a market shaken by concerns over quantum computing and a massive $1.3 billion sell-off by a major holder. This event reignited discussions about the long-term safety of cryptocurrencies. The sharp decline, which wiped out $220 million in long positions, came after billionaire Ray Dalio expressed worries about Bitcoin's potential exposure to quantum-based threats. Although Dalio pointed out hypothetical dangers, some, including financial analyst Mel Mattison, countered that Bitcoin's SHA-256 encryption is actually stronger than the RSA protocols used by traditional banks, indicating that the fears were
The volatility intensified when Owen Gunden, an early
At the same time,
Meanwhile, progress in quantum computing drew attention as companies like WiMi Hologram Cloud and IBM advanced the technology.
As these trends unfold, the intersection of quantum threats, privacy-focused solutions, and institutional moves is expected to drive the next stage of cryptocurrency development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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