I wonder what the next ~10% difficulty drop will do with the price, because that means even lower production costs and probably a lower price. I hope that I'm wrong but can't take anything for granted here currently.
it probably won't do anything to the price. miners are shutting down in reaction to the price crashing, not the other way around. the hash rate has been going inverse to price all year as miners overspeculated---now we're finally hitting their pain points and seeing some capitulation.
i don't think the market cares about hash rate---most investors don't even understand what it means. it's only miners that care.