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RE: The price of bitcoin has been sliding, but the hash rate continues climb!
If prices are rocketing up, all are happy and nobody is asking "why". Had miners something to do with the highs of November-January? I dont't know.
I think there is a clever self-regulating mechanism in Bitcoin mining. With the same amount of Bitcoins created every 10 minutes, if mining gets too expensive, some miners will go (or mine other cryptos). In this case the remaining miners are getting more of the new coins. If mining results a better business, more miners will come. I don't see why mining costs should influence Bitcoin price, or not very much.
You are right, it doesn't affect the price very much. Though it is interesting to see the rates continue to go up while prices fall. Like you said as more miners go underwater, you would think the hash rates would start to flatline or decline at some point. They continue to go straight up.