How would a global recession affect cryptocurrencies?
Everything is gonna go on a nosedive. We aren't even in a recession yet and everything(including gold, the de facto "safe haven") dropped. We really don't know, but it's pretty safe to assume that it will be a lot worse when a recession really happens.
Really ? I think the world is even experiencing what is more than recession. Recession is about the economy and not necessarily direct health issue that is threatening life. Covid-19 is life threatening and everybody is indoors, no economic activity going on. Fear is written on peoples faces even as government officials who are suppose to provide ideas, policies and government support are getting affected. This is a serious issue that the world is facing at this time.