The eruption in Holuhraun ended yesterday (27-Februar-2015) it seems. Current status of Bárðarbunga volcano is now yellow. While the eruption is over the area continues to be closed for public due to danger of new eruptions in the area, both outside the glacier and inside it. It is unclear what is going to happen next in Bárðarbunga volcano. There is also a considerable gas emission from Holuhraun crater at the moment and that gas is toxic.
What happens next is not known. There is a high risk of new eruption taking place under the glacier. I don’t know if subsidence of the caldera is going on at the moment or has stopped. It might take days, weeks or months until inflation starts again in Bárðarbunga volcano. This is a rifting event and that means this is far from over. For the moment however it is going to be a little break (at least, it can be hope) in the activity in Holuhraun or Bárðarbunga volcano. The lava and the crater continue to be extremely hot (~800C) and are going to remain hot for many years (5 years?).
Since the eruption in Holuhraun is over I won’t post any update next Wednesday. Next update is going to be when something happens.
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Article updated at 16:59 UTC.