Bakkt has been too drawn out for there to be much price effect. Most people don't understand what it is anyway. There've been plenty of similar scenarios in the past like the launch of LedgerX 2-3-4 years ago. Lots of people thought that was going to be world changing. Then nothing happened. There was no pump. There was no crash either.
I agree. Bakkt news
seem to have rather random effect: sometimes the price rises (at least shortly) after Bakkt news, sometimes it falls and sometimes it doesn't react at all.
This actually means that we may just try to correlate market movements to something that doesn't cause them at all.
Somehow I start to believe that somebody tries to trigger certain expectations on Bitcoin price, unrealistically quick and unrealistically high. Maybe to trigger a FOMO, maybe to simply dump. I don't know...