Investors bullish on bitcoin now that the 'Tokyo Whale' has stopped selling

From cnbc.com

News that an influential bitcoin holder is taking a break from selling has added to a bullish case for the digital currency. A trustee of defunct Tokyo bitcoin exchange Mt. Gox sold more than 35,000 bitcoin, worth about $400 million at the time, to pay off creditors, according to details of the sale published by a company trustee last week. The exchange closed in 2014 and filed for bankruptcy after the theft of 850,000 bitcoin. In order to liquidate Mt. Gox's remaining 166 million bitcoin, worth about $1.6 billion at Monday's prices, lawyer and trustee Nobuaki Kobayashi said he still needs regulatory approval. Some ... (full story)