The crypto bubble is already deflated, lasting a whole 4 months and then imploding over the past 2 weeks.

Stocks have done really well in large part due to record profits and earnings from large firms. Look how much $ Disney makes for example. Consumer spending , intellectual property, click ads, recurring revenues on high margin digital products ..all that stuff.

The fed is a contributing factor but not the only one. Crypto did really well in 2017 despite the fed raising rates.