Bitcoin (BTC) has managed to reclaim a price point of $64,000, a mere 8% shy of its all-time high.

The leading digital currency has closed its "greenest" weekly candle ever, with a staggering $11,404 difference between its opening and closing prices on Bitstamp.

This rally has caught the attention of investors and analysts alike, prompting a closer examination of the factors driving this bullish momentum.

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