Counter-Strike 2 Market Plummets After Controversial Trade Update

TL;DR Summary
The CS2 market cap has plummeted by nearly $2 billion overnight following a controversial update that allows players to craft new knives and gloves with limited Covert items, causing panic selling and market instability. The situation remains uncertain, with potential further declines and no clear response from Valve, making it risky for investors to act impulsively.
- CS2 market cap crashes almost $2 billion overnight following controversial knife & glove trade up update Hotspawn
- CS2 Trade Update Upends Skin Market With New Knife Crafting Dataconomy
- Valve Just Crashed The High End ‘Counter-Strike’ Skins Market Forbes
- Counter-Strike's player economy is in a multi-billion dollar freefall Polygon
- Counter-Strike 2 community left in shambles along with Steam marketplace after Valve's new "Trade Up" update turns $10 skins into $1,000 skins and vice versa: "This update has made some collectors very rich" GamesRadar+
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