%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment More than half of Bitcoin (CRYPTO: $BTC ) investors are now underwater as cryptocurrency prices slide lower. An indicator run by Checkonchain suggests that 63% of all Bitcoin investors are now in the red on their holdings as the price of the largest cryptocurrency falls below $88,000 U.S. That means the majority of capital invested in Bitcoin occurred when the digital asset was trading above $88,000 U.S. News that most Bitcoin investors are now sitting on a paper loss comes as the price of BTC continues to crumble. Bitcoin has traded in a range of $85,000 U.S. to $90,000 U.S. since last November. Several attempts to break above $95,000 U.S. have failed. Bitcoin is currently on track to finish January little changed after posting three consecutive months of declines. The cryptocurrency's price fell as low as $87,000 U.S. on news that the U.S. Federal Reserve decided to hold interest rates at current levels. Lower interest rates are generally seen as positive for risk assets such as cryptocurrencies. Many analysts expect Bitcoin to remain sluggish in the near-term as there are a lack of catalysts for digital assets looming on the horizon. BTC is down 14% in the last 12 months.