Trump also accused Acosta of treating Press Secretary Sarah Sanders in a way that was "awful".
On Twitter, video editor Rafael Shimunov shared a different analysis which he said proved the video was "doctored".
The article also talked of how the midterm elections "put a dent" in Trump's armour "both by exposing weaknesses in the Midwest and assuring sustained congressional investigations over the next two years".
During a contentious back and forth with Trump, Acosta held onto a microphone as the intern attempted to transfer it to NBC News' Peter Alexander.
He called the White House accusations "a lie".
Sanders' tweet of the edited video, in which she said the White House would "not tolerate the inappropriate behavior clearly documented in this video", has at least 20,000 retweets and more than 2 million views. Finally, in reaction to Acosta's credentials being yanked, CNN declared that such a decision was a "threat to our democracy". The news outlet said Acosta had the network's full support.
We urge the White House to immediately reverse this weak and misguided action.
"Obviously no hard feelings toward the officer, but I am now giving my hard pass to the Secret Service", Acosta said in the clip.
The president complained that the media did not cover the humming economy and was responsible for much of the country's divided politics. "To be honest. You aren't the best", he hit back.
Trump backed away from the podium for a moment, signalling he was done, while Acosta asked the question again and then let go of the microphone.
U.S. mid-term elections 2018: Americans vote in 'poll of a lifetime'
Perhaps most importantly, they are voting in representatives to the Senate and to the House of Representatives (the House). The midterm elections are also often a time when local politicians make a name for themselves on a national level.
"I do think, Anderson, that this is a test for all of us", he said. "You shouldn't be working for CNN".
He threw out a hasty question about the Russian Federation investigation, but President Trump spoke over him. "You are are a rude, bad person. When you report Fake News, which CNN does a lot, you are the enemy of the people". You are rude, bad person. "And the way you treat other people is terrible".
Alexander came to his colleague's defense.
"I'm not a big fan of yours, either", Trump replied.
"The question is: did the reporter make contact or not?"
CNN have since defended the reporter and praised others for standing up for themselves during the tense exchange.
"Just sit down", Trump said.
'You are a very rude person, ' Trump told him.
Trump says his pass has been suspended "until further notice".
"They are not only unsafe, they are disturbingly un-American", the network said.
The clash between President Donald Trump and the media was summed up in a viral, misleading tweet. The Reporters Committee for Freedom of the Press said Sanders' "false description of the events leading up to it is insulting not only to the nation's journalists, but to its people".