SINGAPORE , with Bitcoin sliding towards the US$60,000 level and Ether touching one of its lowest levels this month.
He also cited concerns about China continuing its regulatory crackdown.
New tax reporting requirements for digital currencies are part of the US$550 billion infrastructure bill that United States President Joe Biden just signed into law.
It “would be unusual to keep moving up without corrections”, said Mr Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno.