Cryptos: Bitcoin stumbles to a two-week low

Bitcoin prices traded lower midday Monday, falling as much as 2.5% and trading to their lowest level in two weeks.

In Monday trade, a single bitcoin BTCUSD, +0.06% was fetching $3,714.60, down 1.9% since Sunday’s level at 5 p.m. on the Kraken exchange. The cryptocurrency traded at an intraday low of $3,673.50, its lowest level since Feb. 18.

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What are analysts saying

Crypto analyst Willy Woo noted subdued bitcoin positioning data, as measured by long plus short positions on the Bitfinex exchange, have reached levels not seen early 2018, and historically they have been followed by continuation moves.

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