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 <p>Also Read: <strong>BTC Price: Bloomberg Strategist Predicts Key Level For Recovery Strength</strong></p>  
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 <h2 id="significant-downside-risks-for-banking-industry">Significant Downside Risks For Banking Industry</h2> 
 <p>US FDIC Chair Martin Gruenberg warned that the banking industry remains exposed to significant downside risks from inflation and high interest rates, which could further cause profitability and credit quality to weaken. The US banking sector was rocked by fear and uncertainty in the first quarter as account holders rushed to withdraw funds from their accounts as the bank runs of Silicon Valley Bank and Signature Bank unfolded.</p>  
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 <p>At the same time, the crypto market benefited with BTC price gaining significantly with investors prioritizing riskier assets like <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> over the volatile financial markets. With uninsured account holders leaving banks, deposits declined for the fifth quarter in a row. This had in turn placed a burden on profitability of banks as they chased customers looking for better returns.</p> 
 <h2 id="buy-opportunity-for-bitcoin">Buy Opportunity For Bitcoin?</h2> 
 <p>While the concerns around commercial real sector also grow, the US banking sector could likely be in for yet another crisis going into the fourth quarter. Hence, at the current prices, BTC might be trading with a good buy opportunity.</p>  
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-fdic-chair-warns-of-banking-crisis-risk-will-bitcoin-benefit-tbt61950.html">https://thebittimes.com/us-fdic-chair-warns-of-banking-crisis-risk-will-bitcoin-benefit-tbt61950.html</a></p>

US FDIC Chair Warns Of Banking Crisis Risk; Will Bitcoin Benefit?

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