Minecraft Realms down: Why is the server not loading and when could it be fixed?

Minecraft Bedrock Realms went offline for several hours on Saturday, leaving thousands of players unable to access their worlds. Reports surged on DownDetector as users complained about server errors ...
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[UPDATE: DOWN RIGHT NOW] Minecraft Bedrock Realms Is Down Worldwide, and Players Are Understandbly Furious

[ORIGINAL STORY] Are you facing endless loading screens or server errors in Minecraft Bedrock Realms right now? Well, it ...