Jurrien Timmer, director of global macroeconomics at Fidelity, noted that bitcoin's return to six figures reinforces its reputation as a savings vehicle comparable to gold. He observed that bitcoin's measure of risk-adjusted return is converging with that of gold, indicating that the assets are similar in terms of risk-return ratio.Amid a weakening US dollar, bitcoin has managed to hold its ground. The cryptocurrency is once again testing the resistance zone.Meanwhile, the US Senate voted in favor of advancing the GENIUS bill aimed at regulating the steiblcoin market. The bill calls for full security for steiblcoins, regular security audits and approval from federal or state regulators. The ongoing development of the regulatory framework governing crypto-assets is making them more attractive to investors and, if this trend continues, will inevitably increase the flow of capital into the sector.