A Putin-declared ceasefire is likely good for crypto in the short term, for a few reasons:
Lower geopolitical risk: War and escalation usually cause investors to flee to safe assets (like USD, gold). A ceasefire reduces fear, which can shift money back into "risk-on" assets like crypto.
Positive market sentiment: Headlines about peace tend to boost global stock markets, and crypto often follows.
Stronger risk appetite: Traders might feel more confident to invest in speculative assets like Bitcoin, Ethereum, and altcoins.
However, the full impact depends on:
How credible the ceasefire is (temporarypause vs real peace).How global markets react over the next 12–24 hours.
Whether the ceasefire affects energy prices (since Russia is a major energy exporter, and energy affects inflation → affects Fed/ECB monetary policy → affects crypto).
Bottom Line
Expect a short-term bounce for Bitcoin and altcoins. But if the ceasefire looks shaky or markets don't trust it, any rally could fade fast.