As for me, I've heard that US owe China a lot of money, so they are in debt.
Why so much debt? Can you explain it to everyone? And the dollar is so volatile?
Dollars in my country rapidly increase. I think yes its volatile but not same as bitcoin and cryptocurrency. We can call it volatile but not highly volatile.
Well politics is something that can affect the value of a currency within no time and since we have a cold war going on these days between US and Turkey, China and Russia, this is natural to have fluctuation in the dollar value.
It is going up in my country as well and this is good in one way that those countries where the dollar is rising are having their exports increased immensely. And since China is the country which is using the large number of US dollars, any decrease in its demand for USD can bring down the value of USD in market.