They are tied in terms of the investment. Current status for both of these markets is shaken. People are often misled by the false beliefs that the stock market will pull the crypto market to the demise if it starts to fall.
The real truth is that the stock market if it is destined to vanish, will make new opportunities for the stock investors which will invest in the crypto( safe paradise). Crypto market is currently very unbalanced and correction phase is still in progress but I believe that the future for the crypto market will be for sure prosper for its investors.
Stock( financial market) won't withstand very long and when the fall starts all the stock investors will be meritorious for the crypt growth. Their investment will stabilize the future of the cryptocurrencies.