Crypto Market Suffers $19 Billion Liquidations Amid Binance Leadership Change

A significant sell-off in the cryptocurrency market has triggered a staggering $19 billion in liquidations within 24 hours, with major cryptocurrencies like Bitcoin and Ethereum experiencing substantial losses. Binance, a leading exchange, was impacted significantly as it responded by providing compensation to affected users. This event highlights the volatility and systemic risks inherent in the cryptocurrency world.