Crypto markets turned bullish after an optimist CPI report that suggested the worst of inflation may be over for the US economy.

The crypto market capitalization has risen 2.7% to $945 billion in the last 24 hours, according to data from Coingecko.

Metaverse and NFT related cryptocurrencies have also rallied along with the broader market and posted strong gains today.

MANA, the token that powers the metaverse game Decentraland, is up 11.6% in the past 24 hours and is the fourth-biggest gainer among the top 100 cryptocurrencies by market capitalization, according to data from Coingecko.

At press time, MANA is trading at around $0.44 and is the 55th largest cryptocurrency by market capitalization.

Despite today’s tremendous gains, MANA is still far from its all-time high of $5.85 in November 2021.