Recession/Financial crisis is a global phenomenon that is sure to impact negatively on the life style of citizen in different countries, to be exempted from financial crisis an investment in cryptocurrency is the latest technological way out, research, invest and take profit to re invest.
If you are talking about a global financial crisis then none of the financial market will survive, people will withdraw their money and invest in gold if something like that hits and none of the markets will be spared and even the cryptocurrency market will be affected, we never experienced that yet and hence you cannot determine the real impact at this moment but i am not expecting anything different.
I hold a bit of different point of view. In case of stock market downfall, I am more than certain that crypto currencies will grab attention of stock investors. In any sort of economical crisis, digital currencies are going to perform the role of savior. Those who are holding these coins at present, wont need to be worried about anything in future under poor financial circumstances. Digital coins do not depend on anyone so a downfall in financial market wont hurt them.