Ongoing earthquake swarm in Reykjanes volcano (close to Reykjanestá)

Today (6. January 2023) an earthquake swarm started in Reykjanes volcano close to Reykjanestá area. Largest earthquake had a magnitude of Mw3,0 at 00:31 UTC. Other earthquake have been smaller in magnitude.

Red dots at the end of Reykjanes peninsula, out in the ocean showing smaller earthquakes that have been taking place. Also red dots in Krýsuvík volcano (not covered by this article)
Earthquake activity in Reykjanes volcano. Copyright of this image belongs to Icelandic Met Office.

This earthquake activity seems to be dyke intrusion, rather than crustal movement because of continental drift forces in this area. There’s a chance this might be mixture of both, but based on what I am seeing (this might be incorrect), this earthquake swarm possibly is because of dyke intrusion in the crust at this area. Magma seems to be at 6 km to 8 km depth at the writing of this article. This earthquake swarm needs to be stronger if the magma is going to break a path to the surface and start and eruption. Until that happens, this dyke activity is going to remain in the crust at Reykjanestá area.