#bitcoin just broke through the major 92,000 USDT level with a steady climb While the price is pumping Fitch Ratings is warning about risks in

According to ChainCatcher, Fitch Ratings has issued a warning about the significant market value risks associated with Bitcoin-backed securities. These risks arise from price volatility, structural complexity, and counterparty exposure. The securities rely on Bitcoin as collateral, and their liquidation triggers could potentially amplify losses.

The past bankruptcies of cryptocurrency lending institutions and the extreme volatility of Bitcoin, such as the 49% drop in March 2020, underscore the importance of adopting conservative financing strategies and robust risk management practices.