We all already know what might happen if a huge number of miners should drop out, and there are already some of them that can't mine again after the Halving took place, because they are using weak miners, like the Bitmain S9. It seems pandemic panic is slowly getting settled down. People may get back to work but with all precautions against corona spreading; it means economics of all country may get back to working but with some glitches which will reflect into crypto space as well, hopefully in positive manner.
The pandemic will turn out to be beneficial to the crypto market, than all the other way around. This is largely because people practicing social distancing measures imposed by governments around the world, will demand crypto for cross-border payments. It's much cheaper (and sometimes even faster) to send money to anyone around the world using crypto than Banks themselves. This will trigger massive demand for crypto across the market like never before. While COVID-19 had a negative impact over the world's economy, the effects on crypto have been little to none. After a month of despair, crypto quickly recovered to prices before the pandemic. In contrast, stocks have been on a constant decline in price since COVID-19. Some stocks have seen a slight increase in price, but they're not in the same position as they were before the crisis (AFAIK).
As long as crypto remains resilient and impervious to events in the mainstream world, it'll be constantly demanded by people worldwide. Now that Bitcoin experienced its “Third Halving”, it should only be a matter of time before it goes all the way to the moon. Once that happens, altcoins will experience new ATHs on the market. The pioneer cryptocurrency greatly determines the future direction of the crypto market. If it's on the "green side", so will other altcoins on the market. The same thing happens vice versa. The fact that crypto operates 24/7 without censorship or downtime, allows people to enjoy an alternative financial system that's a haven against the traditional banking system of today. With digital payments becoming the norm of mainstream finance, COVID-19 will do more good than harm to the crypto/Blockchain industry. Just my thoughts