Crypto Markets Rally as USDC Expansion and Legal Developments Signal Bullish Momentum

Recent developments indicate a bullish trend in the cryptocurrency sector. Circle has expanded its USDC token supply by approximately 250 million on the Solana blockchain in the last 24 hours. The US legal system has dismissed the defense's request to review DOJ materials against Tornado Cash's Román Storm, with a court hearing scheduled for July. Market data shows over $763 million worth of long positions were liquidated in the past day, including significant liquidation of longs in BTC and PEPE by James Winn. The Flow network announced an upcoming mainnet update set for June 3, 2025, with minimal expected disruption. Price movements reveal Bitcoin surpassed $104,000, and the ETH/BTC pair broke a prolonged downtrend, escalating by 40% over the month. Analysts like Crypto Caesar see Bitcoin holding ~$104,900 as a crucial support zone and predict a rebound toward $109,000–110,000 if current levels persist, maintaining a medium-term bullish outlook.