Most of the world’s biggest cryptocurrencies by market cap, apart from stable coins, took a hit last week. For instance, Bitcoin, the world’s largest cryptocurrency, was trading around $35,000 in the last 24 hours, down 21.82 per cent in the last seven days, according to Coinmarketcap data. Though the market has recovered slightly, last week's fall has wiped out over $1 trillion from the global crypto market value.