Bitcoin Fails to Break $28.5K Resistance as Bearish Macro Factors Weigh on Crypto Markets

Bitcoin struggled to break $28.5K resistance despite a brief rally, as lackluster Ether ETF volumes disappointed
Bearish macro factors like rising Treasury yields and a stronger dollar exerted downward pressure on Bitcoin
Key metrics showed diminished activity, including lower futures premiums, spot volumes and demand for leverage
Weakness in Grayscale Bitcoin Trust reflected fading hopes for SEC approval of a spot Bitcoin ETF
Comments from Fed officials warning of an economic slowdown compounded Bitcoin's inability to break key resistance