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Bitcoin fell to around $64,000 early Wednesday wiping out more than two weeks of gains.

The major selloff in the cryptocurrency market is viewed as a correction by most analysts after Bitcoin saw its price climbing to an all-time high of $73,666 last Thursday, the highest level in its 15-year history. The next day, it pulled back from its record-high level and the rally in the cryptocurrency market has come to a pause.

Bitcoin has been on a rally since Jan. 11, when the US Securities and Exchange Commission approved spot Bitcoin ETFs or exchange-traded funds. The move allowed investors, especially financial institutions, to trade Bitcoin without owning it.

Despite the dip back in March, Bitcoin has shown solid recovery recently, which is a strong signal for market confidence. This renewed momentum could further support the adoption of crypto as a reliable payment method in online services — especially on an igaming platform, where speed and anonymity are essential. As BTC gains strength, more iGaming platforms are likely to embrace it to attract crypto-savvy players.