Bitcoin (BTC) Bears seemed to penetrate the key support on Sunday and extend a three-day losing row as macroeconomic concerns overshadowed President Donald Trump’s recent-crypto-related messages.

The leading cryptocurrency with market value slipped over 3% to $ 83,200, with the 200-day simple sliding average (SMA) according to Coindesk and TradingView data. Prices have fallen over 10%since they put heights over $ 92,800 Thursday.

The latest decline is coming as the US -China merchant tensions are set to escalate Monday. Beijing will charge tariffs on certain US agricultural products in return for President Donald Trump’s recent hike on Chinese imports. The tariff war has injected considerable uncertainty into the market and for decision makers.

On Friday, Federal Reserve President Jerome Powell confirmed that the central bank will maintain his cautious attitude towards interest rates while assessing the economic effect of President Donald Trump’s political shift. The comments came on the heels of a soft American non -agricultural salary report and expectations for at least three fat rate cuts this year.

According to observers, these developments combined with recession signals from the bond market focus away from Trump’s recent announcement of a strategic BTC stock.

“Despite the very positive news, Bitcoin fell 4% from $ 90,000 to under $ 87,000 in hours. It seems that the focus on Trump’s crypto-related actions is increasingly secondary when the Customs War fears accelerating,” the analysis company Intotheblock said in the weekly newsletter to subscribers Friday.

The company added that macro problems, mainly customs -related, have pushed the markets down and noticed the strengthening positive correlation between Bitcoin, Ether and US stocks.

“Further actions like Trump saying he doesn’t even look at the stock market, and his administration, targeting lower long-term interest rates, suggests that the investor’s expectations of a Trump Bull market may have been too eager,” the company said.

Noelle Acheson, the author of Crypto is Macro Now, said in Saturday’s edition that BTC’s DOUR -Prpress in the wake of the strategic storage message “emphasizes how macro problems still weigh tongue on crypto assets.”

The chart shows that buyers entered the 200-day SMA on February 28 and March 2, which led to a price jump. The market is likely to keep an eye on this level to see if dealers are doing the same again.