{"id":1689,"date":"2026-05-11T09:35:59","date_gmt":"2026-05-11T09:35:59","guid":{"rendered":"https:\/\/cryptonews.com\/sl\/novice\/bitcoin-novice-pot-do-120-000-usd-naletela-na-oviro-ob-rasti-plac-in-sibkih-podatkih-o-zaposlovanju-v-zda\/"},"modified":"2026-05-11T09:35:39","modified_gmt":"2026-05-11T09:35:39","slug":"bitcoin-pade-pod-usd-po-slabih-podatkih-iz-zda","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/sl\/novice\/bitcoin-pade-pod-usd-po-slabih-podatkih-iz-zda\/","title":{"rendered":"Bitcoin novice: Pot do 120.000 USD naletela na oviro ob rasti pla\u010d in \u0161ibkih podatkih o zaposlovanju v ZDA"},"content":{"rendered":"<p>Z Bitcoin se trguje pod 80.000 USD, potem ko so petkovi podatki o \u0161tevilu novih delovnih mest v ne kmetijskem sektorju v ZDA (nonfarm payrolls) mo\u010dno razo\u010darali. Aprila je bila rast \u0161tevila delovnih mest le 62.000, medtem ko jih je bilo marca 172.000. Gre za slab\u0161anje razmer na trgu dela, ki je v preteklosti mo\u010dno spodbudilo pri\u010dakovanja o obratu politike Feda in potisnilo tvegane sredstva vi\u0161je.<\/p><p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Something is off in the labor market:<br><br>In February, US employers cut -448,000 jobs, the largest monthly decline since July 2020.<br><br>Then, in March, US employers increased hiring by +655,000 MoM, the largest monthly increase on record, excluding the 2020 pandemic period.<br><br>As a\u2026 <a href=\"https:\/\/t.co\/8m3x8qBWfp\">pic.twitter.com\/8m3x8qBWfp<\/a><\/p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/2052219462644891972?ref_src=twsrc%5Etfw\">May 7, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><p>Vendar se je takoj pojavil zaplet. Povpre\u010dna urna postavka na letni ravni zna\u0161a 3,8 %, kar je ve\u010d od predhodnih 3,5 %. Tak\u0161na rast pla\u010d ohranja inflacijo \u017eivo in delno ve\u017ee roke Zveznim rezervam (Fed).<\/p><p>Teza o Bitcoinu pri 120.000 USD potrebuje sodelovanje obeh strani te ena\u010dbe. \u0160ibek trg dela odpira eno pot, saj nakazuje, da lahko Fed ohrani ali zni\u017ea obrestne mere, kar dviguje vrednost tveganih sredstev in zmanj\u0161uje oportunitetni stro\u0161ek imetja BTC. Toda vztrajna rast pla\u010d to pot blokira.<\/p><p><a href=\"https:\/\/cryptonews.com\/cz\/kryptomeny\/nove-kryptomeny-s-potencialem\/\"><strong>Odkrijte: Najbolj\u0161e prodaje \u017eetonov pred lansiranjem<\/strong><\/a><\/p><h2 class=\"wp-block-heading\">Novice o zaposlovanju in Bitcoin pri 120.000 USD<\/h2><span class=\"replacer\"><\/span><p>Makroekonomska logika je preprosta. Upo\u010dasnitev zaposlovanja tak\u0161nega obsega potrjuje tezo, da se ameri\u0161ki trg dela ohlaja dovolj hitro, da Fed ne bo dodatno zaostroval denarne politike. Trgi trenutno vra\u010dunavajo stabilne obrestne mere do leta 2026. Tako \u0161ibki podatki bi lahko pri\u010dakovanja o naslednjem dvigu potisnili \u0161e dlje v prihodnost, kar pomeni popustljivo (dovish) prevrednotenje trga.<\/p><p>Za Bitcoin je ta prenosni mehanizem neposreden. Ni\u017eja pri\u010dakovanja glede obrestnih mer slabijo dolar, zmanj\u0161ujejo donosnost konkuren\u010dnih sredstev in so zgodovinsko povezana z akumulacijo BTC s strani institucij. Scenarij iz avgusta 2025 je pou\u010den: novica o le 22.000 novih delovnih mestih je Bitcoin pognala nad 113.000 USD, ko so verjetnosti za zni\u017eanje obrestnih mer posko\u010dile skoraj na gotovost.<\/p><div class=\"cpp-crypto-chart cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#7a2197\" data-watermark-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/20161447\/logologo_white.png\" data-chart-style=\"cryptonews\">\n<div class=\"cpp-chart-header-wrapper\">\n<div class=\"cpp-chart-header\"> <\/div>\n<\/div>\n<\/div><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin-1024x683.jpg\" alt=\"\" class=\"wp-image-1691\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin-1024x683.jpg 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin-300x200.jpg 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin-768x512.jpg 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin-450x300.jpg 450w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/22\/2026\/05\/11091016\/bitcoin.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure><p>Tehni\u010dna slika pa zahteva upo\u0161tevanje trenutnega polo\u017eaja Bitcoina. Alex Kuptsikevich, glavni tr\u017eni analitik pri FxPro, strukturo opisuje jasno:<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Bitcoin se je umaknil od svojega 200-dnevnega drse\u010dega povpre\u010dja, potem ko je na kratko vstopil v obmo\u010dje prekupljenosti blizu zgornje meje svojega nara\u0161\u010dajo\u010dega kanala. Spodnja meja kanala se nahaja blizu 77.500 USD, \u0161ir\u0161i prelom trenda pa bi zahteval padec pod 75.000 USD.<\/p>\n<\/blockquote><p><a href=\"https:\/\/cryptonews.com\/sl\/kriptovalute\/bitcoin-cena\/\"><strong>Odkrijte: Kako dnevni cikli Bitcoina oblikujejo njegovo pot nazaj nad 82.000 USD<\/strong><\/a><\/p><h2 class=\"wp-block-heading\">Rast pla\u010d je spremenljivka, ki je trg ne sme prezreti<\/h2><span class=\"replacer\"><\/span><p>3,8-odstotna letna rast pla\u010d predstavlja oviro v dana\u0161njih podatkih, ki bi bili sicer naklonjeni Bitcoinu. Pla\u010de na tej ravni ohranjajo inflacijo v storitvenem sektorju, ki je najbolj trdovraten del ko\u0161arice indeksa cen \u017eivljenjskih potreb\u0161\u010din (CPI), in dajejo Fedu legitimno podlago, da obrestne mere ohranja visoke dlje \u010dasa, ne glede na \u0161ibke podatke o zaposlovanju.<\/p><p>Prenosni mehanizem v tem primeru deluje v napa\u010dno smer za BTC. Vztrajna rast pla\u010d spodbuja cene storitev, te pa osnovno inflacijo, kar Fedu onemogo\u010da jasen obrat politike. Fed, ki ne more izvesti obrata, pomeni, da obrestne mere ostajajo povi\u0161ane, dolar ohranja podporo, premija za tveganje pri sredstvih brez donosa, kot je Bitcoin, pa ostaja nizka.<\/p><p>Dokler bo rast pla\u010d ostala nad 3,5 %, bo dvojni mandat Feda \u2014 maksimalna zaposlenost in stabilnost cen \u2014 ostajal v napetosti, ta napetost pa omejuje mo\u017enosti trgov za agresivno vra\u010dunavanje spro\u0161\u010danja denarne politike.<\/p><p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Coinbase premium Index went deep red in late April even as Bitcoins price kept climbing.<br><br>A classic distribution from retail and institutions. <br><br>The red zone means institutions and big buyers were selling into strength for over a week.<br><br>It\u2019s now slowly recovering back toward\u2026 <a href=\"https:\/\/t.co\/YLkLVm2SDk\">pic.twitter.com\/YLkLVm2SDk<\/a><\/p>&mdash; Jeremy (@Jeremybtc) <a href=\"https:\/\/twitter.com\/Jeremybtc\/status\/2052408149144117430?ref_src=twsrc%5Etfw\">May 7, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><p>Indeks Coinbase Bitcoin Premium, ki je ta teden zdrsnil v negativno obmo\u010dje, dodaja \u0161e eno plast previdnosti. Ta indeks meri razliko v ceni Bitcoina na borzi Coinbase v primerjavi z borzami v tujini, kot je Binance. Pozitivne vrednosti nakazujejo povpra\u0161evanje ameri\u0161kih institucij, negativen pribitek (diskont) pa nasprotno. Rast nad 80.000 USD se je ustavila ravno takrat, ko je ta premija izginila.<\/p><p>QCP Capital, trgovalno podjetje s sede\u017eem v Singapurju, \u0161ir\u0161e makroekonomsko tveganje opisuje neizprosno:<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u010ce se razmere glede surove nafte ne umirijo pred zapisnikom FOMC z dne 20. maja \u2014 pri \u010demer je nafta Brent \u017ee tik nad 100 USD za sod, napovedni trgi pa pripisujejo 97-odstotno verjetnost, da do 15. maja ne bo normalizacije v Hormu\u0161ki o\u017eini \u2014 bo narativo o stagflaciji vse te\u017eje zavrniti.<\/p>\n<\/blockquote><p>Stagflacija je najslab\u0161e makroekonomsko okolje za Bitcoinov polo\u017eaj kot tvegano sredstvo.<\/p><p><a href=\"https:\/\/cryptonews.com\/cz\/kryptomeny\/nejlepsi-kryptomeny\/\"><strong>Odkrijte: Najbolj\u0161e kriptovalute za diverzifikacijo va\u0161ega portfelja<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Pot Bitcoina do 120.000 USD se je ustavila, saj je rast pla\u010d izni\u010dila vpliv slab\u0161ih podatkov o novih delovnih mestih<\/p>\n","protected":false},"author":759,"featured_media":1688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,12],"tags":[20,24,22],"editors":[16],"sponsored_companies":[],"class_list":["post-1689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","category-novice","tag-bitcoin","tag-crypto","tag-krypto","editors-klavdija-pogorelc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin pade pod 80.000 USD po slabih podatkih iz ZDA<\/title>\n<meta name=\"description\" content=\"Bitcoin pod 80.000 USD po slabih podatkih o zaposlovanju v ZDA, ki krepijo negotovost in spreminjajo pri\u010dakovanja glede Fedove 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