Why is BitTorrent dead?

Could you please elaborate on the reasons behind the demise of BitTorrent? What factors contributed to its decline? Has the rise of alternative platforms or changes in technology played a role? Additionally, what are the implications of BitTorrent's decline for the wider cryptocurrency and file-sharing communities? Is there still a place for BitTorrent in the current landscape, or has it been completely overshadowed by newer and more advanced solutions?