i don't know about "crypto world" but it is a very good thing for bitcoin at least because of a couple of reasons.
the stability will make the newbies who wanted to become rich with bitcoin overnight to leave the market. in other words the weak hands who FOMO buy and PANIC sell are flushed out of the market and market is cleansed. so the volatility will be reduced even further.
all this stability will make bitcoin be a currency more as people have always been complaining about it and saying it is the reason why they don't use bitcoin as a currency, now they wouldn't have any more excuses.