Bitcoin is on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022.

The largest cryptocurrency slid as much as 6.4% to $81,629 on Friday before paring losses, according to data compiled by Bloomberg. It was trading at $84,166 at 7:42 a.m. in London. Ether fell as much as 7.6% to below $2,700.