The Latest Breaking News from MtGox

MtGox is nearing the end of its creditor repayments more than a decade after it collapsed, and some industry experts believe that Bitcoin may already have started recovering after it weathered various storms for several months.

Bitcoin prices have been struggling to shake off the pains of massive sell-offs over the past few months, but industry analysts are optimistic that the world's top digital asset has moved past the sell-off phase.

An upcoming documentary film is lifting the spirits of some Bitcoin holders whose wallets were battered by the previous weeks' slumping prices – can it help turn the tides for an ecosystem wary of seeing red in the charts?

MtGox has been at the center of negative sentiment in the Bitcoin community due to the fallen exchange's repayments to creditors that many Bitcoiners initially feared would have a significant impact on the digital currency's prices.

Bitcoin is back in the green after a weekend in the red – Bitcoin hodlers and maximalists are trying to keep sentiment on the positive end, but fears around the MtGox repayments and the German government's continuing dump continue to put pressure on the world's top digital asset.

Bitcoin has bounced back above $63,000, but there are still concerns about the MtGox dump starting this week that could push prices down again.

MtGox has moved billions worth of Bitcoin some five months before it is due to repay customers who lost their BTC stash in the lead-up to the crypto exchange's shocking collapse.