Following the latest announcements from the Chinese and South Korean government that new regulations on cryptocurrency are to be enforced, Ethereum has seen its market value crash down to $850.

Following reports released on the market values of cryptocurrency on Tuesday, the 17th of January, at approximately 2 pm the coin suffered a loss of 22.5% of its total value.

However, according to experts in the arena of crypto, Ethereum's market value is predicted to rise again, commentators reportedly believe that the technology used for the trading of the coin is far more "robust" than the tech behind Ripple, Zcash and the like.

Commenting on the latest developments in the drop of cryptocurrency market values, Iqbal Gandham, the UK Managing Director of the firm eToro, noted that the drop in price values was taking place in response to the rush to enforce regulations on crypto. He argued China's recent announcement, in which they had stated that plans were now in motion to ban cryptocurrency trading had spooked crypto enthusiast.

However, he noted that a large sell-off of the coin was unlikely, highlighting that in the past we had seen the market react to fears over government crackdowns, only to later regain its confidence in cryptocurrency investments.