Bitcoin rallied on Monday, advancing past $12,000 to its highest level in a more than a year amid a wider risk-on rally in equity markets. The world’s largest cryptocurrency rose as much as 5.3% to around $12,473 in New York, the highest since July 2019. Crypto peers including Bitcoin Cash, Litecoin and Monero also gained, with the Bloomberg Galaxy Crypto Index rising to its highest since June 2019. After trading sideways for much of the summer, Bitcoin has re-gained its mojo as a rally in the stock market nudges the S&P 500 to near a new all-time high.