Ytterbium doped C60 (YbxC60) has been synthesized through the use of a liquid ammonia intercalation route. This allows for precise control of the stoichiometric composition. Magnetization data were taken in fields up to 1 Tesla and temperatures between 5 and 300 K on samples with 1≤X≤5. We find the ytterbium introduces significant anisotropies into the system which give rise to long time magnetic relaxation effects that persist to high temperatures. We suggest the existence of an amorphous structure to explain the results.