"Sign Cryptocurrency Is Dead As Bitcoin Dips To $17K"
BTC_AT_TIME $20,552
Published in news.com.au on 2022-06-19, "Sign Cryptocurrency Is Dead As Bitcoin Dips To $17K" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin failed as a functional currency due to extreme price volatility, slow transaction speeds, and limited merchant acceptance. Bitcoin was trading at $20,552 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.