The total cryptocurrency market was
$238 Billion a few hours ago and yet the market is almost
$260 Billion.

This was a magnet used by Bulls to attract newbies so that they can buy due to FOMO but the market volume is still very low as compared to 30 days ago and to recover to that condition it will take some time. Market is very unstable and we can't afford another push-back for Bitcoin as it is already trading near $6,500 and any worst news may push Bitcoin to $5,000 area again.