CS2 Update Triggers $2 Billion Skin Market Crash

Valve has just launched a significant update for Counter-Strike 2, introducing a new feature that has immediately changed the game's entire skin economy.

The update focuses on the "Trade Up Contract." Players can now trade five Covert-rarity (red) skins to receive one guaranteed knife or pair of gloves.

This change had an instant and powerful impact on the market. Within just two hours, the total value of the CS2 skin market reportedly fell by an estimated $2 billion.

The market reaction was split into two main parts:

1. Knife and Glove Prices Dropped: The value of most knives and gloves decreased significantly. Because this new method makes them far less rare, their prices fell quickly as the market adjusted.
2. Covert Skin Prices Increased: In contrast, the red skins required for this new trade-up saw their prices jump. They are now in high demand as the raw material for crafting knives.

Previously, rare items like knives were only available through the low-probability chance of opening a case. This update provides a direct, predictable path to obtaining them, which is what caused the dramatic price shift.

On a smaller note, the update also officially brought back the popular "Retakes" game mode.

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