Cryptos are very speculative, and are more like paper assets than anything. Though there are a finite amount of bitcoin and other cryptos, there are also a finite amount of shares in the stock market. It would be nice to see cryptos do well as the stock market goes down, much like the metals could. Unfortunately, if investors are no longer willing to risk their money in the stock market, I speculate that they may not be wanting to risk their money into cryptocurrency either. Perhaps cryptos suffer along with the market like silver will as gold holds it's own, then cryptos and silver explode in price after falling for a while. Who knows. Let's see what they whales do with their money.
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Agreed, which is why I probably should have emphasized the word "may" more. This is just one possible route of many logical ones that may occur.
It is hard to picture what psychology will come alive during a recession or deflation.