Soft-Sound | Android Sound Machine | Audio Utils library

Let me clarify the soft-sounding title straight away. This is actually something that has been nagging me for quite a while now, despite feeling like a pretty basic question.

Many languages give a faulty impression of efficiency by letting the developer play with bits, such as thebool.h C header which, as I understand it, is essentially just an int with a wrapper around it. Essentially, the byte seems to be the absolute lowest atomic unit of computation in C - bool x = 0 is not faster/more memory efficient than int x = 0.

What I'm wondering is then, what do we do when we want to implement an algorithm that is inherently tied to loading and manipulating single bits, such as decoding binary codes, unweighted graph connectivity problems and many others? In other words, is the atomicity of the byte an inherent property of modern CPUs or could we theoretically rival the efficiency of an ASIC just by using machine code?

EDIT: Pretty surprised by the downvotes, but I suppose people just didn't understand what I was asking. I think a really good, canonical example is traversing a binary tree (or any other sequential list of yes/no questions really). What I was wondering is if modern cpu architectures are fundamentally poorly equipped to do this (as compared to an ASIC/FPGA, that is), or if this is an artifact of some abstraction layer (language/kernel/etc). Mark's answer was good though (although I'd love a reference to the mentioned architecture extension)