# 5 Reasons to Stay Bullish

*Author: Bankless*
*Published: May 2, 2024*
*Source: https://www.bankless.com/fr/5-reasons-to-stay-bullish*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-628--2-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=5-reasons-to-stay-bullish-on-crypto&email=true)

  

5 Reasons to Stay Bullish
  

  
  Published on May 2, 2024

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  View in Browser

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Coinbase Earnings Beat
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--17-.png)](https://www.bankless.com/dashboard)- 🔵 **Coinbase’s huge quarter.** The COIN earnings report landed today and the company [handily beat expectations](https://www.theblock.co/post/292265/coinbases-q1-earnings-jump-to-1-6-billion-as-transaction-revenue-soars) with $1.6 billion in revenue – a 72% increase from the previous quarter.
- 🪩** Mirror acquired.** Web3 publishing app Mirror has been [acquired](https://www.coindesk.com/tech/2024/05/02/web3-publishing-platform-mirror-sells-to-paragraph-pivots-to-social-app-kiosk/) by competitor Paragraph with the Mirror team already pivoting to work on a Farcaster-based social network called Kiosk.
- 0️⃣** LayerZero gets ready for token drop.** LayerZero’s token launch is expected soon and the team has [announced](https://twitter.com/LayerZero_Labs/status/1785821562475839843) that it has already completed the first snapshot of eligible wallets.

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      TODAY IN MARKETS
    
    
  
  
    
ETF Hype Slowing Down?
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-02T172237.869.png)](https://www.bankless.com/is-cryptos-etf-hype-dying-down)**📊 Record ETF Outflows.** Amid the crypto price slump, spot BTC ETFs in America had their worst day on record, posting an all-time high $534M in outflows. *Can impending institutional adoption stymie the bleeding?*

[Read More Analysis on Bankless.com](https://www.bankless.com/is-cryptos-etf-hype-dying-down)

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.22T
       

  
    
    ↗ 2.2%
    
  

   
    
    ↘ 7.1%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $59,119
       

  
    
    ↗ 2.2%
    
  

   
    
    ↘ 8.7%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,995
       

  
    
    ↗ 1.0%
    
  

   
    
    ↘ 5.5%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
5 Reasons to Stay Bullish on Crypto
  
  
   
     
     Bankless Author: 
     
      [
       
       David C.](https://twitter.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-02T172225.128.png)](https://www.bankless.com/5-reasons-to-stay-bullish-on-crypto)**If you haven’t noticed, market sentiment has been... *pretty bad lately.***

Bitcoin is down significantly over the past month and a number of altcoins are down much worse, leaving many across Crypto Twitter to share messages of doom and gloom. Yet, despite the current downturn, historical trends and underlying movements suggest we are far from the end of this cycle. 

*Here are five reasons not to lose faith in this cycle and look beyond the market's current turmoil *👇

[Read the Full Rundown](https://www.bankless.com/5-reasons-to-stay-bullish-on-crypto)
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