With the bears making an entry into the market,
for the millionth time, a small price drop is not "bears entering the market" just as a small price rise is not a "bull run to the moon". these are normal market fluctuations in short term. unless we see a proper breakout with enough strength you can not call it bull or bear market.
how is bitcoin hash rate going to affect it?
it only proves that despite all the FUD that we had in the past 8 months, specially at the beginning of the year, bitcoin mining has been very profitable and miners are not only not going away but they are increasing their hashrate and new miners are coming in.