It's not. I thought that the real reason behind the recent bullrun is about the market has been seeing the end of bearish trend. This is totally pegging to the trend of crypto. Remember there is a lot of manipulation to the market and that's enough to make a good news become worthless.
Yes but this is big news and I think this could be a factor in the upcoming bullish trend because Coinbase targets $ 10 billion of institutional investors money to enter into this new service, Coinbase is a great service that has a professional team I think they can reach that target in the future and it will help Cryptocurrency market to grow