Are automated trading bots adapted for crypto trading?

In today's rapidly evolving crypto market, I'm curious to know if automated trading bots have truly adapted to the nuances of cryptocurrency trading. Given the volatility, liquidity differences, and the 24/7 nature of crypto markets, have these bots been optimized to make swift and accurate decisions? Are they equipped with sophisticated algorithms that can analyze market trends, sentiment, and news events in real-time? Moreover, have they been tested and refined through rigorous backtesting to ensure profitability in a range of market conditions? I'm interested in understanding if these bots have become a viable option for crypto traders seeking to capitalize on market inefficiencies and opportunities.