you can't predict price or make investment decisions based on bitcoin mining hashrate at all because hashrate changes after the price moved and since it has been rising for a while now breaking $10k first then $11k and now $12k consequently the hashrate had to follow that too.

it is neither good news nor bad, it is how things have been forever. not to mention that there are a large number of other reasons that are affecting hashrate for example a couple of countries that have very low electricity cost have entered the mining scene with huge mining farms over the past couple of months.

some shittoken that is abusing bitcoin name is not even known let alone be popular!!!