The crypto market’s largest assets carry enough weight to stabilize the aggregate even as most of what sits beneath them erodes. That dynamic shaped this week as Bitcoin (BTC/USD) held its relative footing and gained market share.

For participants watching names outside the top of the cap table, the week has meant broad pressure. BTC’s relative stability is the exception. Wider health would require much stronger participation across the field. NEAR, AVAX, and QNT each fill in what the total-cap figure cannot show on its own.

Market Capitalization Masks a Sharper Decline Beneath the Surface

This gap is visible in the market totals. Capitalization stood at $2.733 trillion, flat on the day, but breadth gives the clearer view….