CS2 market recovers by $100 million for the first time after Trade-Protection update

After the Trade-Protected Item update that sent the CS2 market cap into the dumpster, with a sharp 10% decline resulting in a $615 million drop, the market has seen a slight recovery.

The update allowed users to reverse all their trades made in the past 7 days and caused a lot of distress in the trading community. Any cash trade could have been reversed, potentially allowing the seller to walk away with both the cash and the skins.

This resulted in marketplaces adapting by putting funds in escrow, thus limiting liquidity. As a result, the market experienced a heavy drop. But ten days later, it has recovered by around $100 million. Still, in the past 7 days, the market is down by 5.85%, and over 6% in the past 30 days.