“A recession could lead to another crypto winter, and could last for an extended period” - Brian Armstrong, Coinbase CEO

Non-zero interest rate policy affects almost every aspect of the economy and financial markets, chief among them being crypto assets and others whose potential payoff is in the distant future. This is unlikely to be the typical crypto crash followed by a quick multi-year rise, which has historically all taken place during a period of 0% interest rates.

https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html