Hi @maxlablife,
It’s most likely that there’s a conflict between the latest WooCommerce version with your theme or one of your plugins.
Thus, kindly disable all plugins and switch to a default WordPress theme like Twenty Twenty-One. You can then try to update/activate WooCommerce and see if all goes well.
If the site doesn’t crash, you’ll know that it was caused by your theme or one of your plugins. Reactivate them one by one till you find the one causing your site to crash.
* You will want to do this on a test/staging site. If you don’t have one already, your hosting company might offer one as part of your package. Alternatively, you can use a free plugin like https://www.ads-software.com/plugins/wp-staging/
Let us know how it goes.
Thanks.