Yes, cryptocurrency market demand can be affected by a global economic recession. During downturns, investors often seek safe-haven assets like gold or stable fiat currencies, reducing interest in volatile cryptocurrencies. Fear of financial instability may lead to sell-offs, driving prices down. However, some argue that cryptocurrencies, like Bitcoin, could thrive as decentralized alternatives to traditional systems, especially if trust in banks erodes. Historical data shows mixed outcomes—Bitcoin dropped during the 2020 COVID crash but later surged. Demand depends on factors like investor sentiment, adoption rates, and macroeconomic policies (e.g., interest rates or inflation). A recession might also limit disposable income, curbing retail investment. Conversely, institutional interest could stabilize or boost demand if crypto is seen as a hedge. Overall, while vulnerable to economic shocks, crypto’s unique traits may offer resilience.