The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation.
Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.
That's good news and that fund will help a lot but it looks like that the indian market will not face the bullrun as soon as possible caused by india is also facing the crisis caused by corona virus. As far as i know, if some people have already announced by local india authority if they were getting infected by the corona virus. That means if the bullrun will not happen caused by that news.
In my opinion, the bullrun can happen if there was big news that has a correlation to the platform directly.