Counter-Strike 2 Trade Update Causes $2 Billion Market Crash
Valve's recent update to Counter Strike 2 allows players to trade five covert skins for a rare cosmetic, significantly increasing the supply of knives and gloves on the market. This has caused a 28.11% drop in the overall skins market cap, equating to nearly $2 billion lost in value, which benefits casual players but harms investors who previously bought skins as assets.