For the first time in its history, Bitcoin surpassed $120,000 on Monday. The virtual currency went as far as $123,153.22, Reuters reports, before experiencing a slight decrease to $122,000.

July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC. Data from past halvings show the bullish impact of the programmed code takes ...