BUZZ-Bitcoin puts in new 5-month high, bulls remain wary of key 60k level

Wood's ARK Invest throws weight behind new bitcoin futures

  
Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021.

Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021.

REUTERS/Dado Ruvic/Illustration

* BTC+0.37% to 57.6k, holds gain after putting in 5-mos high at 58.6k

* Risk-on benefits crypto longs, though gold +0.3% to 1799 as well

* Wood's ARK Invest throws weight behind new bitcoin futures ETF 

* G7 endorses CBDC principles, UST yields slip aids crypto rise

* BTC res at Thurs high 58.6k, May 10's 59.6k, Apr 14's ATH by 64.9k

* Support at rising 10-DMA by 55.3k, minor Fib supt by 54.3k

*+5% at 0.066, nearing April's all-time-high BTC losing vigour versus other cryptos

(Paul Spirgel is a Reuters market analyst. The views expressed are his own) ((paul.spirgel@thomsonreuters.com))


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