So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )
Everything very big that happens in the world has an impact on the economy and there are many things that can cause market changes.
If in the cryptocurrency market it is demand and supply that always comes back to manage it. To be able to predict a recession you have to pay attention to the amount of demand or supply that occurs in each market. The more demand or supply, the higher the price will turn.