Earthquake with the magnitude of 3.8 took place in Breinnisteinsfjöll volcano at 19:42 UTC. This earthquake was felt in Reykjavík and nearby area. Many aftershocks have followed this earthquake. Most of them are however below 2.0 in magnitude. There was also pre-earthquake activity before the magnitude 3.8 earthquake did take place. Most of those earthquakes where below 2.0 in magnitude. Last month an earthquake with the magnitude 4.3 took place in this same area. Earthquake activity is currently ongoing with smaller earthquakes for the time being.
So far there is nothing to suggests that current earthquake activity is nothing but tectonic. But this area is a riftzone. So there are earthquake swarm often take place there without them being related to any volcano activity in this area. This earthquake swarm appears clearly on my geophone network in Iceland. I am going to continue to monitor this earthquake activity. As more strong earthquakes in this area can take place in the next few hours to days.
Icelandic news about this earthquake activity